Facebook facing multiple lawsuits after Cambridge Analytica expose

By : |March 26, 2018 0

Facebook is currently facing four lawsuits from different quarters thanks to the Cambridge Analytica data breach scandal, as per SFGate report. The analytics firm is said to have misused the data of over 50 million Facebook users and violated the social network’s policies.

The first lawsuit is filed by Lauren Price of Maryland in San Jose. It’s a class action lawsuit that claims Facebook had “absolute disregard” for her personal data, despite allegedly stating it wouldn’t disclose data without permission or at least notice. The suit also noted that during the 2016 presidential election, Price often saw political ads on her own Facebook feed.

Fan Yuan and Robert Casey, individual shareholders in Facebook also filed their class action lawsuits against the billion dollar company, CEO Mark Zuckerberg and CFO David Wehner. The suit claims Facebook made “misleading statements” and neglected to disclose details about third-party access to data, which caused the company’s stock price to fall significantly.

                                 

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The fourth lawsuit filed by attorney Jeremiah Hallisey in San Jose is filed on behalf of the company’s shareholders against Zuckerberg, COO Sheryl Sandberg, and board members. The suit claims that the executives and board of directors failed to stop the data breach or tell users about it when it happened, and therefore violated their fiduciary duty. Hallisey is asking for unspecified damages.

The lawsuit asks for financial restitution to the company as well as a court order requiring Facebook to improve its corporate governance and internal procedures. Looks like, after Uber, now it’s Facebook’s turn to handle lawsuits in 2018.

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