Facebook and Instagram users filed a putative class action accusing Meta of turning a blind eye to scam advertisements on its platforms, telling a California federal court the social media giant enabled a Chinese penny stock investment scam that cost victims at least $300 million.
Morris Kandinov LLP represents the named plaintiffs and proposed class.
The action is Bouck v. Meta Platforms, Inc., Case No. 25-cv-5194 (N.D. Cal.).
