FB ALERT – Labaton Sucharow, a nationwide shareholder rights firm, notifies Meta Platforms, Inc. f / k / a Facebook, Inc. Investors of Securities Class Action
Labaton Sucharow, a nationally-awarded shareholder rights law firm, advises investors that a class action lawsuit was filed on behalf of buyers of securities of Facebook, Inc. between November 3, 2016 and October 4, 2021 inclusive. The lawsuit seeks to recover damages for Facebook’s investors under federal securities laws. According to the lawsuit, defendants across the group …
Labaton Sucharow, a nationally awarded shareholder rights law firm, advises investors that a class action lawsuit has been filed on behalf of buyers of securities of Facebook, Inc. (NASDAQ: FB) between on November 3, 2016 and October 4, 2021 inclusive (the “Class Period”). Lawsuit seeks damages for Facebook investors under federal securities laws
According to the lawsuit, the defendants throughout the litigation period made false and / or misleading statements and / or failed to disclose: (1) Facebook has distorted the growth of its users; (2) Facebook knew, or should have known, that duplicate accounts accounted for a larger portion of its growth than reported, and it should have provided more detailed information on the duplicate account implication for the database. users and the growth of Facebook; (3) Facebook failed to provide a fair platform for speech and regularly protected high profile users through its Cross Check / XCheck system; (4) despite being aware of their use of Facebook’s platforms, the Company has failed to respond meaningfully to drug cartels, human traffickers and violent organizations; (5) Facebook has made efforts to attract tweens to its platform and services; and (6) accordingly, the defendants’ public statements were materially false and misleading at all material times. When the real details entered the market, the lawsuit claims that investors have suffered damage.
If you wish to act as the principal applicant, you must apply to the Court at the latest December 27, 2021.
If you currently own stock or options in Facebook, Inc. and have suffered a loss, Click here to participate.
If you would like to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll free number (800) 321-0476 or by e-mail at [email protected].
About the firm
Labaton Sucharow LLP is one of the world’s leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, as well as consumer cybersecurity and data confidentiality. Labaton Sucharow has been recognized for excellence by the courts and by his peers, and is regularly ranked in major industry publications. Offices are located in New York, NY, Wilmington, DE and Washington, DC More information on Labaton Sucharow is available at Labaton.com.
David J. Schwartz
THE SOURCE: Labaton Sucharow LLP
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https://www.accesswire.com/671286/FB-ALERT – Nationally-ranked-shareholder-Rights-Firm-Labaton-Sucharow-Notifies-Meta-Platforms-Inc-fka-Facebook-Inc-NASDAQFB-Investors-of-Securities-Class-Action