Supreme Court dismisses appeal from Facebook owner Meta over securities fraud lawsuit

The Supreme Court dealt a setback Friday to Facebook’s owner Meta Platforms by dismissing their appeal of a securities fraud lawsuit accusing the tech giant of misleading investors during the data-harvesting scandal involving Cambridge Analytica. 

In a one-sentence unsigned opinion, the Supreme Court did not provide a reason for dismissing Facebook, Inc. v. Amalgamated Bank, just saying it was “improvidently granted.” It now means the lawsuit can continue in lower