JOURNAL ARTICLE

Facebook: Set Your Status to "Improvidently Granted".

  • Published In: Securities Litigation Journal, 2025, v. 34, n. 1. P. 14 1 of 3

  • Database: Academic Search Ultimate 2 of 3

  • Authored By: Apton, Adam 3 of 3

Abstract

The article discusses the anxiety experienced by securities practitioners due to two significant cases involving Facebook and Nvidia that reached the Supreme Court after initial dismissals in the Ninth Circuit. In the Facebook case, shareholders sued for failing to disclose risks related to the Cambridge Analytica scandal, while Nvidia faced similar allegations regarding undisclosed exposure to cryptocurrency risks. Both companies successfully petitioned for certiorari, but the Supreme Court ultimately dismissed the writs as "improvidently granted," leaving the legal community uncertain about the implications for future securities litigation. The article highlights the heightened interest and involvement of various stakeholders, including the SEC and DOJ, in these cases. [Extracted from the article]

Additional Information

  • Source:Securities Litigation Journal. 2025/04, Vol. 34, Issue 1, p14
  • Document Type:Article
  • Subject Area:Law
  • Publication Date:2025
  • ISSN:1936-7600
  • Accession Number:185323459
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