Bernstein Litowitz Will Lead Meta Investors In Facebook Suit

By Katryna Perera (July 27, 2022, 4:19 PM EDT) — A California federal judge has named Bernstein Litowitz Berger & Grossmann LLP as lead counsel in a consolidated suit accusing Meta Platforms Inc. of misleading investors about the allegedly harmful effects its products like Facebook and Instagram have on children and the measures it takes to stop the spread of misinformation.

U.S. District Judge Jon S. Tigar issued an order on Tuesday granting the bid submitted by the Ohio Public Employees Retirement System and PFA Pension as lead plaintiffs in the suit and denied a competing bid from California Public Employees’ Retirement System.

According to the order, Ohio PERS and PFA Pension claimed the…

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