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Facebook faces $3bn+ legal action over dominance

2 days ago   |   By RT

The UK case is based on company's historic data-collection practices
Social media giant Facebook, now known as Meta Platforms, faces a class action lawsuit in Britain, seeking at least £2.3 billion in damages, over allegations the company had exploited users' data for profit.
The case is being brought by Liza Lovdahl Gormsen, a senior adviser to Britain's Financial Conduct Authority watchdog and a competition law academic. She said the case was brought on behalf of Facebook's 44 million users who had used the network between 2015 and 2019.
It alleges that Facebook made billions of pounds...
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Texas Grid Operator Sued By 131 Insurers, Now Facing ‘Dozens' Of Lawsuits Over Blackout

Texas Grid Operator Sued By 131 Insurers, Now Facing ‘Dozens' Of Lawsuits Over Blackout

2 days ago   |   By Forbes

Eleven months after the near-meltdown of the Texas electric grid, the state's grid operator, ERCOT, is facing “dozens” of lawsuits over the disaster. Billions of dollars are riding on how the courts decide the sovereign immunity issue.
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