|
POLICY & REGULATION
LITIGATION
Meta Gets Class Suit Over Scam Investment Ads Axed, For Now
By Bonnie Eslinger
A California federal judge dismissed a proposed class action against Meta over ads on its platforms from scammers impersonating financial professionals to run pump-and-dump investment schemes, saying unlike recent cases that could "disrobe" Meta of immunity under Section 230 of the Communications Decency Act, the plaintiffs didn't allege Meta co-created the ads.
Order attached |
Read full article »
| Save to favorites »
Extreme Networks Must Face Suit Over COVID-Era Demand
By Sydney Price
A California federal judge rejected Extreme Networks' bid to dismiss a suit alleging it misled investors about its financial prospects and declining client demand during the COVID-19 pandemic, saying the investors adequately pled that the cloud network equipment company engaged in a scheme to inflate revenues through so-called channel-stuffing.
Order attached |
Read full article »
| Save to favorites »
EXPERT ANALYSIS
LEGAL INDUSTRY
|