Meta Stuck With Part of Investors’ Cambridge Analytica Lawsuit

Meta Platforms Inc. must defend itself against some investor claims stemming from a data-harvesting scandal involving political consulting firm Cambridge Analytica after a federal court ruled on key remaining questions in the high-stakes suit.

Executives’ level of intent about some statements, and other issues necessary to show securities fraud at the company then known as Facebook, were left over from the suit’s trip to the US Court of Appeals for the Ninth Circuit and then the US Supreme Court. The justices dropped their review as “improvidently granted” in late 2024.

Judge Edward J. Davila’s decision Feb. 27 that portions of ...