💨 Abstract

The U.S. Supreme Court is considering Facebook's appeal against a securities fraud lawsuit brought by shareholders who claim the company misled investors about the misuse of user data. At issue is whether Facebook broke the law by failing to detail a prior data breach in subsequent business-risk disclosures, with conservative justices questioning whether reasonable investors would read the statements as outlining issues that may have occurred in the past.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖