The courts have swung in Facebook’s favor, dismissing a privacy breach-related lawsuit brought forward by investors.
The social media giant and chief executive Mark Zuckerberg enjoyed the rare win on Thursday, securing dismissal of a case that accused them of deceiving investors on the impact a data breach would have on stock price, as reported by Reuters.
US District Judge Edward Davila prevented the class-action lawsuit from going any further, being of the mind that investors “had failed to allege” that Facebook’s board knowingly made false statements that “led to investor losses,” according to the news agency.
