Zuckerberg Faces Lawsuit Over Facebook
(MENAFN) A courtroom in Delaware has started reviewing an $8 billion collective lawsuit targeting Meta CEO Mark Zuckerberg along with other senior officials at the firm, over claimed breaches of Facebook users’ privacy linked to the notorious Cambridge Analytica affair, a news agency reported on Wednesday.
The legal proceedings arise from accusations that Meta did not sufficiently alert its investors about potential threats associated with the misuse of user information by the political consulting company, which backed Donald Trump’s presidential campaign in 2016, according to the news agency.
Investors assert that Facebook contravened a 2012 settlement with the Federal Trade Commission (FTC) by persisting in gathering and disseminating personal data without acquiring users' permission.
The legal filing alleges that Facebook distributed user data to business affiliates and eliminated mandatory privacy notices stipulated by the prior agreement.
The controversy resulted in a $5.1 billion fine by the FTC, a $725 million agreement with affected users, and additional penalties imposed by European regulators.
Now, shareholders are urging Zuckerberg and others to compensate Meta for the expenses incurred due to these legal issues.
Speaking during the hearing on Monday, data privacy authority Neil Richards testified that Facebook’s privacy declarations "were misleading."
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