IN RE FACEBOOK, INC. SECURITIES LITIGATION

No. 22-15077.

84 F.4th 844 (2023)

IN RE: FACEBOOK, INC. SECURITIES LITIGATION, Amalgamated Bank, Lead Plaintiff; Public Employees' Retirement System of Mississippi; James Kacouris, individually and on behalf of all others similarly situated, Plaintiffs-Appellants, v. Facebook, Inc.; Mark Zuckerberg; Sheryl Sandberg; David M. Wehner, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Filed October 18, 2023.


Attorney(s) appearing for the Case

Thomas C. Goldstein (argued), Kevin K. Russell , and Erica O. Evans , Goldstein Russell & Woofter LLC, Bethesda, Maryland; John C. Browne and Jeremy P. Robinson , Bernstein Litowitz Berger & Grossman LLP, New York, New York; Joseph D. Daley , Danielle S. Myers , and Darren J. Robbins , Robbins Geller Rudman & Dowd LLP, San Diego, California; Jason C. Davis , Robbins Geller Rudman & Dowd LLP, San Francisco, California; Kathleen Foley , Munger Tolles & Olson LLP, Washington, D.C.; Jeremy A. Lieberman , Pomerantz LLP, New York, New York; Jennifer Pafiti , Pomerantz LLP, Los Angeles, California; for Plaintiff-Appellant.

Joshua S. Lipshutz (argued), Katherine M. Meeks , and Trenton J. Van Oss , Gibson Dunn & Crutcher LLP, Washington, D.C.; Brian M. Lutz and Michael J. Kahn , Gibson Dunn & Crutcher LLP, San Francisco, California; Orin S. Snyder , Gibson Dunn & Crutcher LLP, New York, New York; Paul J. Collins , Gibson Dunn & Crutcher LLP, Palo Alto, California; for Defendant-Appellee.

Partial Concurrence and Partial Dissent by Judge Bumatay.


OPINION

In March 2018, news broke that Cambridge Analytica, a British political consulting firm, improperly harvested personal data from millions of unwitting Facebook users and retained copies of the data beyond Facebook's control. In the months that followed, the public...

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