June 11, 2026
A California federal judge tossed a proposed class action alleging that Meta's AI tools enabled investment schemes advertised on Facebook, finding Thursday that his own earlier ruling means that the plaintiffs' state claims are barred under federal securities law.
March 24, 2026
A California federal judge trimmed Tuesday a proposed class action alleging Meta Platforms Inc. knowingly participated in a Chinese pump-and-dump scheme advertised on social media, but found there's a factual dispute over whether Meta's AI tools materially contributed to the "facially ridiculous" ads.
June 20, 2025
Facebook and Instagram users Friday lodged a putative class action accusing Meta of turning a blind eye to scam advertisements on its platforms, telling a California federal court the social media giant enabled a Chinese penny stock investment scam that cost victim investors at least $300 million.