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Supreme Court allows multibillion-dollar class action to proceed against Meta

  • The Supreme Court is allowing a multibillion-dollar class action investors’ lawsuit to proceed against Facebook parent Meta, stemming from the privacy scandal involving Cambridge Analytica.
  • The court dismissed Meta's appeal, leaving an appellate ruling that allows the case to continue.
  • The Supreme Court sidestepped a decision on whether to permit shareholders to proceed with a securities fraud lawsuit against Meta regarding misleading investor information.
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