Exclusive: Facebook & Executives Sued Over Cambridge Analytica Scandal
September 21st — Documents have emerged from a lawsuit filed last month in the Chancery Court of the State of Delaware by a consortium of pension funds, including the Employees’ Retirement System of Rhode Island, California State Teachers’ Retirement System among others. The suit alleges Facebook unlawfully gained market power, failed its 2012 Federal Trade Commission (FTC) Consent Decree, and covered up and failed to disclose data harms related to Cambridge Analytica.
The plaintiff’s submission to the lawsuit serves as a record that documents the multitude of false claims, misleading statements, and lies that Facebook and its executives made dating back to the 2012 FTC Consent Decree. While the lawsuit is a civil case, the Real Facebook Oversight Board strongly urges the Securities and Exchange Commission (SEC) to review the documents below and consider re-opening their criminal investigation into the conduct of Facebook and its executives around the time of this scandal.
The following Twitter thread from Jason Kint (CEO of Digital Content Next) brought these documents to light. RFOB has since obtained the full complaints below.