Supreme Court to Hear Case About Facebook Data-Harvesting Incident

Investors claim the company misled them and this led to a drop in the value of its stock.

The U.S. Supreme Court in Washington on May 29, 2024. Madalina Vasiliu/The Epoch Times

The Supreme Court on June 10 agreed to look at a large shareholder lawsuit that claims Facebook parent Meta Platforms Inc. deceived investors regarding a data-harvesting controversy that involved Cambridge Analytica, a political consulting firm.

The Supreme Court’s eventual ruling in the case could have an effect on corporate disclosure standards going forward.