The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022.
REUTERS/Yves Herman/File Photo Acquire Licensing RightsCompanies Meta Platforms Inc FollowOct 18 (Reuters) - A shareholders' proposed class action accusing Meta Platforms Inc (META.O) of concealing sweeping misuse of Facebook users' data in 2017 and 2018 was revived by a U.S. appeals court on Wednesday.
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.
Circuit Judge Patrick Bumatay dissented, saying that Facebook's disclosures concerned the type of risks involved in its business, not whether or not a data breach had occurred.
Persons:
Yves Herman, Cambridge Analytica, Margaret McKeown, Darren Robbins, Donald Trump's, Patrick Bumatay, Jody Godoy, Jonathan Oatis
Organizations:
REUTERS, Meta, Inc, Facebook, U.S, Circuit, Cambridge, Shareholders, Thomson
Locations:
Brussels, Belgium, San Francisco