The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Meta Platforms, Inc. f.k.a. Facebook, Inc. (NASDAQ: FB) alleging that the Company violated federal securities laws.
Class Period: November 3, 2016 and October 4, 2021
Lead Plaintiff Deadline: December 27, 2021
No obligation or cost to you.
Learn more about your recoverable losses in FB:
Meta Platforms, Inc. f.k.a. Facebook, Inc. NEWS - FB NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Meta Platforms, Inc. f.k.a. Facebook, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Facebook misrepresented its user growth; (2) Facebook knew, or should have known, that duplicate accounts represented a greater portion of its growth than stated, and it should have provided more detailed disclosures as to the implication of duplicate accounts to Facebook's user base and growth; (3) Facebook did not provide a fair platform for speech, and regularly protected high profile users via its Cross Check/XCheck system; (4) despite being aware of their use of Facebook's platforms, the Company failed to respond meaningfully to drug cartels, human traffickers, and violent organizations; (5) Facebook has been working to attract preteens to its platform and services; and (6) as a result, Defendants' public statements were materially false and misleading at all relevant times.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Facebook you have until December 27, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Facebook securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
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