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Justices dismiss Facebook-Cambridge Analytica data breach dispute

SCOTUSBlog

Amalgamated Bank as “improvidently granted” – that is, without issuing a ruling on the merits, and instead signaling that it was a mistake to grant review. Share This morning the justices dismissed Facebook v. The brief unsigned order leaves in place a ruling by the U.S.

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Justices skeptical about Facebook’s data breach disclosure to investors

SCOTUSBlog

Amalgamated Bank , their first securities case of the year. The case involves the 2015 Cambridge Analytica-Facebook data breach, and considers whether Facebook’s disclosures to investors before the breach was public improperly downplayed the risks that data breaches posed to the company and its stock price.

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Justices to review Meta investors’ data-harvesting suit and Medicare payments calculation

SCOTUSBlog

In reality, the shareholders contend, the British political consulting company Cambridge Analytica had already misused Facebook users’ personal data when Facebook filed the form. The justices granted review in Facebook v. Court of Appeals for the 9th Circuit allowed the lawsuit to go forward, prompting Facebook to go to the Supreme Court.

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Ohana & Co. is Launching an NFT-Centric Venture for “Crypto Luxury Brands”

The Fashion Law

Digital fashion and footwear company RTFKT revealed on Tuesday that it has raised $8 million in a “landmark” funding round in furtherance of its quest to “empower the future of fashion” by way of non-fungible token – or “NFT” – centric offerings. In a LinkedIn post on Tuesday, Laurent Ohana, a senior advisor at Ohana & Co.,

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SCOTUS Hears Oral Arguments in Four Cases

Constitutional Law Reporter

Amalgamated Bank : The federal courts of appeal are divided over what public companies must disclose in the “risk factors” section of their 10-K filings. The Sixth Circuit holds that companies need not disclose past instances when a risk has materialized. Facebook, Inc.

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Securities disclosure over Cambridge Analytica data breach comes before court

SCOTUSBlog

Amalgamated Bank could narrow the opportunities for private investors to hold companies accountable under federal laws that regulate corporate misconduct. In short, the company says, Facebook cannot be held liable for what it did not say. The tech giant’s effort to fend off federal securities fraud lawsuits in Facebook v.

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Required SEC disclosures and erroneous DNA evidence

SCOTUSBlog

Amalgamated Bank involves a private securities-fraud class action arising out of Cambridge Analytica’s wrongful acquisition and misuse of Facebook user data. Amalgamated Bank and represents Areli Escobar. There are two newly relisted cases this week, one civil and one criminal. First, the civil one. Facebook v.

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