Ohio AG Sues Facebook for Violations of Securities Law Amid Allegations of Harm to Children

Ohio AG Sues Facebook for Violations of Securities Law Amid Allegations of Harm to Children
Facebook founder and CEO Mark Zuckerberg testifies at a Senate Judiciary and Commerce Committees Joint Hearing in Washington on April 10, 2018. Samira Bouaou/The Epoch Times
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Ohio’s attorney general on Monday filed a lawsuit against Meta, formerly known as Facebook, accusing it of violating federal securities law by misleading investors in claiming that its products don’t harm children’s health and wellbeing.

Attorney General Dave Yost filed the lawsuit (pdf) on behalf of the state’s pension fund—the Ohio Public Employees Retirement System (OPERS)—and Facebook investors.