9th Circ. Judges Doubt Meta’s ‘Boilerplate’ Risk Disclosures

By Dorothy Atkins (February 8, 2023, 6:21 PM EST) — A Ninth Circuit judge appeared skeptical Wednesday of Meta Platforms’ argument that it sufficiently disclosed the potential scope of the Cambridge Analytica data abuse scandal months before investors claim corrective disclosures caused the Facebook parent’s stock to plummet, saying Meta’s “boilerplate” risk disclosures were “so general” they’re “just not very helpful.”…

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