NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a national shareholder and consumer rights litigation firm, is investigating whether Facebook, Inc. (“Facebook” or the “Company”) (NASDAQ: FB) or certain of its officers and directors violated federal securities or other laws. If you are a Facebook stockholder, you are encouraged to contact a Scott+Scott attorney at (844) 818-6982 for more information.
The investigation centers around Facebook’s management of user data.
On March 17, 2018, The New York Times reported that voter-profiling company Cambridge Analytica (“Cambridge”) “harvested private information from the Facebook profiles of more than 50 million users without their permission, according to former Cambridge employees, associates and documents, making it one of the largest data leaks in the social network’s history.”
The next day, March 18, 2018, the Massachusetts Attorney General said her office was launching an investigation into Facebook. On March 19, 2018, European Union officials also said they would investigate.
On this news, the price of Facebook stock is down over 6.4% today; as of this writing, the price is $173.20.
What You Can Do
If you are a Facebook shareholder, and you wish to discuss this investigation, please contact attorney Joe Pettigrew at (844) 818-6982, or at firstname.lastname@example.org.
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.