---
title: "US Supreme Court to hear Facebook bid to scuttle shareholder lawsuit"
description: "WASHINGTON, June 10 (Reuters) - The U.S. Supreme Court agreed on Monday to hear a bid by Meta’sFacebook to scuttle a private securities fraud lawsuit accusing the social media platform of misleading i"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/205943986.md"
published_at: "2024-06-10T13:38:44.000Z"
---

# US Supreme Court to hear Facebook bid to scuttle shareholder lawsuit

> WASHINGTON, June 10 (Reuters) - The U.S. Supreme Court agreed on Monday to hear a bid by Meta’sFacebook to scuttle a private securities fraud lawsuit accusing the social media platform of misleading investors in 2017 and 2018 about the misuse of its user data.The justices took up Facebook’s appeal of a lower court’s decision allowing a shareholder lawsuit brought in California and led by Amalgamated Bankto proceed. The court will hear the case in its next term, which begins in October.

WASHINGTON, June 10 (Reuters) - The U.S. Supreme Court agreed on Monday to hear a bid by Meta’s (META.O) Facebook to scuttle a private securities fraud lawsuit accusing the social media platform of misleading investors in 2017 and 2018 about the misuse of its user data.

The justices took up Facebook’s appeal of a lower court’s decision allowing a shareholder lawsuit brought in California and led by Amalgamated Bank (AMAL.O) to proceed. The court will hear the case in its next term, which begins in October.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.