(Reuters) - A shareholders' proposed class action accusing Meta Platforms Inc of concealing sweeping misuse of Facebook users' data in 2017 and 2018 was revived by a U.S. appeals court on Wednesday.
Ruling 2-1, the 9th U.S. Circuit Court of Appeals in San Francisco restored shareholders' claim that the company, then known as Facebook, falsely said that user data "could" be compromised. At the time, the company was already aware that the UK-based consulting firm Cambridge Analytica had violated its privacy policies, shareholders allege.
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