Figurines with computers and smartphones are seen in front of Facebook logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration
WASHINGTON (Reuters) - The U.S. Supreme Court agreed on Monday to hear a bid by Meta's Facebook to scuttle a private securities fraud lawsuit accusing the social media platform of misleading investors in 2017 and 2018 about the misuse of its user data by the company and third parties.
The justices took up Facebook's appeal of a lower court's decision allowing a shareholder lawsuit brought in California and led by Amalgamated Bank to proceed. The court will hear the case in its next term, which begins in October.
