Sep 272019
 
 September 27, 2019  Posted by  Breaches, Business, Court, U.S.

Reuters reports:

Facebook and its CEO Mark Zuckerberg won dismissal of an investor lawsuit accusing them of deceiving investors about the likely impact of a privacy breach on its stock price, though the investors will be have a chance to refile their case.

U.S. District Judge Edward Davila in San Jose, California said the investors had failed to allege that Facebook or its executives knowingly made false statements that led to investor losses.

Read more on Computerworld AU.

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