Meta Gets Supreme Court Review on Investor Data-Harvesting Suit

The US Supreme Court agreed to consider killing a multibillion-dollar shareholder lawsuit that accuses Meta Platforms Inc. of misleading investors about the data-harvesting scandal involving political consulting firm Cambridge Analytica.

The justices said Monday they will decide whether a federal appeals court was wrong to let the lawsuit go forward based on allegations that the company, then known as Facebook, inflated share prices by inadequately disclosing the risk that its user data would be misused.

WATCH: The Supreme Court will review a shareholder suit brought against Meta.

Source: Bloomberg

The investors say revelations about the scandal contributed to two 2018 price drops that cost the company more than $200 billion in market ...