<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="SAN FRANCISCO, June 13, 2019 /PRNewswire/ – Hagens Berman Sobol Shapiro LLP alerts long-term Facebook, Inc. (NASDAQ: FB) shareholders to the firm’s investigation into Facebook’s alleged noncompliance with an August 10, 2012 consent decree with the Federal Trade Commission ("FTC") in which Facebook agreed to better protect user privacy.” data-reactid=”11″>SAN FRANCISCO, June 13, 2019 /PRNewswire/ — Hagens Berman Sobol Shapiro LLP alerts long-term Facebook, Inc. (NASDAQ: FB) shareholders to the firm’s investigation into Facebook’s alleged noncompliance with an August 10, 2012 consent decree with the Federal Trade Commission (“FTC”) in which Facebook agreed to better protect user privacy.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Facebook shareholders who have held those shares from August 10, 2012 up to the present, and wish to learn more about the firm’s investigation, may contact Hagens Berman:” data-reactid=”23″>Facebook shareholders who have held those shares from August 10, 2012 up to the present, and wish to learn more about the firm’s investigation, may contact Hagens Berman:
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="https://www.hbsslaw.com/cases/fb” data-reactid=”24″>https://www.hbsslaw.com/cases/fb
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing” data-reactid=”25″>or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="[email protected].” data-reactid=”26″>[email protected].
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Facebook has had a long and well-documented history of conducting problematic privacy practices. Since August 10, 2012, the company has been operating under a consent decree Facebook entered into with the FTC requiring Facebook to establish and maintain a comprehensive privacy program designed to protect the confidentiality of users’ personal information. In March 2018, after reports that personal data of tens of millions of Facebook users improperly wound up in the hands of data firm Cambridge Analytica, the FTC opened an investigation into whether that lapse violated the 2012 consent decree.” data-reactid=”27″>Facebook has had a long and well-documented history of conducting problematic privacy practices. Since August 10, 2012, the company has been operating under a consent decree Facebook entered into with the FTC requiring Facebook to establish and maintain a comprehensive privacy program designed to protect the confidentiality of users’ personal information. In March 2018, after reports that personal data of tens of millions of Facebook users improperly wound up in the hands of data firm Cambridge Analytica, the FTC opened an investigation into whether that lapse violated the 2012 consent decree.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="On June 12, 2019, several news outlets reported that the FTC has unearthed several internal emails potentially showing Facebook’s chairman and CEO Mark Zuckerberg and other senior Facebook executives’ knowing violation of the company’s obligations under the 2012 consent order. According to reports, these internal emails have been a driving factor in the Company’s bid to reach a speedy settlement with the FTC, which the company estimated in April 2019 could amount to $5 billion.” data-reactid=”28″>On June 12, 2019, several news outlets reported that the FTC has unearthed several internal emails potentially showing Facebook’s chairman and CEO Mark Zuckerberg and other senior Facebook executives’ knowing violation of the company’s obligations under the 2012 consent order. According to reports, these internal emails have been a driving factor in the Company’s bid to reach a speedy settlement with the FTC, which the company estimated in April 2019 could amount to $5 billion.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content=""We're focused on whether (i) Facebook's senior executives caused the company to violate the August 2012 Consent Decree, (ii) Facebook’s Board of Directors failed to carry out its supervisory and monitoring role, and (iii) the Company suffered damages," said Hagens Berman partner Reed Kathrein.” data-reactid=”29″>”We’re focused on whether (i) Facebook’s senior executives caused the company to violate the August 2012 Consent Decree, (ii) Facebook’s Board of Directors failed to carry out its supervisory and monitoring role, and (iii) the Company suffered damages,” said Hagens Berman partner Reed Kathrein.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Whistleblowers: Persons with non-public information regarding Facebook should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email [email protected].” data-reactid=”30″>Whistleblowers: Persons with non-public information regarding Facebook should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email [email protected].
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="About Hagens Berman
Hagens Berman is a nationwide law firm with 80 attorneys representing investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.” data-reactid=”31″>About Hagens Berman
Hagens Berman is a nationwide law firm with 80 attorneys representing investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Contact:
Reed Kathrein, 510-725-3000″ data-reactid=”32″>Contact:
Reed Kathrein, 510-725-3000
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