Wednesday, April 4, 2018

Facebook Privacy Scandal Unleashes Nationwide ‘Litigation Swarm'; Bloomberg, April 4, 2018

Christie Smythe, Bloomberg; Facebook Privacy Scandal Unleashes Nationwide ‘Litigation Swarm'

"Litigation Swarm
"Facebook’s having to fight on multiple fronts, with potentially conflicting strategies and obligations, is what will make this ‘litigation swarm’ problematic," said Marc Melzer, a New York-based attorney. The company will likely "want to move slowly and withhold as much as they can without antagonizing regulators or the courts that are presiding over the suits."
Users and investors have filed at least 18 lawsuits since last month’s revelations about Cambridge Analytica. Beyond privacy violations, they are accusing Facebook of user agreement breaches, negligence, consumer fraud, unfair competition, securities fraud and racketeering.
Zuckerberg, Chief Operating Officer Sheryl Sandberg, and board members including Marc Andreessen and Peter Thiel face additional claims from shareholders for allegedly failing to uphold their fiduciary duties and wasting corporate assets."

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