Defendant Name:
Facebook, Inc.
Defendant Type:
Public Company
SIC Code:
9999
CUSIP:
30303M10
Document Reference:
comp-pr2019-140
Document Details
Legal Case Name
SEC v. Facebook, Inc.
Document Name
Complaint
Document Date
24-Jul-2019
Document Format
Civil Proceeding
Case Number
19-cv-04241
Federal District Court
California, Northern District of California
Allegation Type
Issuer Reporting and Disclosure
Document Summary
The Commission stated: "For more than two years, Facebook made misleading statements in its required public findings about the misuse of its users' data. From 2016 until mid-March 2018, Facebook presented the risk of misuse of its users' data as merely hypothetical. In fact, . . . [A]lready become aware by December 2015 that a researcher had improperly sold information related to tens of millions of Facebook users to data analytics from Cambridge Analytica."