Landmark Lawsuit Filed Against SEC to Protect Future Whistleblowers

July 24, 2019

Facebook Inc.

Financial Fraud

SANCTION AMOUNT: $100,000,000

Defendants: Facebook Inc.

Defendant agreed to settle charges that it misled investors regarding the risk of misuse of its user data. The Commission alleged that, despite a discovered misuse via Cambridge Analytica, the company continued to tell investors that “users’ data may be improperly accessed, used or disclosed.” (emphasis added). And subsequent disclosure of the Cambridge Analytica incident allegedly caused a drop in the stock price.

Named one of the top whistleblower practices/attorneys in the country by The New York Times, Wall Street Journal and NPR
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