Credit: Nadir Keklik/Shutterstock.com Supreme Court Takes Up Facebook's Appeal of Investors' User Data Scandal Suit
The question before the justices is whether public companies must disclose on Form 10-K to the U.S. Securities and Exchange Commission any risk that has occurred even if that event "presents no known risk of ongoing or future business harm."
June 10, 2024 at 11:51 AM
3 minute read
The U.S. Supreme Court on Monday agreed to hear Facebook's appeal to defeat a lawsuit by investors filed after a 2018 scandal regarding the use of user data wiped out more than $200 billion in the social media giant's market capitalization.
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