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Will the Cambridge Analytica lawsuit against Meta go to trial by June 2025?
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Court schedules or official announcements confirming the trial date
Story
Supreme Court Allows Multibillion-Dollar Cambridge Analytica Lawsuit Against Facebook to Proceed
Nov 22, 2024, 04:15 PM
The US Supreme Court dismissed an appeal by Meta Platforms Inc., the parent company of Facebook, allowing a multibillion-dollar securities fraud class action lawsuit to proceed. The lawsuit, led by Amalgamated Bank, accuses Facebook of misleading shareholders about the misuse of user data in the 2015 Cambridge Analytica scandal, which involved the harvesting of data from 30 million users. Shareholders allege that Facebook failed to disclose the risks posed by the data breach in its annual securities filings. The Supreme Court's decision leaves intact a lower court's ruling that permits investors to move forward with the lawsuit.
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Meta wins all lawsuits • 25%
Meta loses all lawsuits • 25%
Mixed outcomes (some wins, some losses) • 25%
No lawsuits filed • 25%
Less than $100 million • 25%
$100 million to $500 million • 25%
$500 million to $1 billion • 25%
More than $1 billion • 25%
Meta wins the case • 25%
Meta loses and must divest Instagram • 25%
Meta loses and must divest WhatsApp • 25%
Meta loses and must divest both Instagram and WhatsApp • 25%
Settled for less than $3B • 25%
Settled for $3B to $5B • 25%
Settled for more than $5B • 25%
Goes to trial • 25%
Meta required to divest both Instagram and WhatsApp • 25%
Meta required to divest Instagram only • 25%
Meta required to divest WhatsApp only • 25%
No divestiture required • 25%