Oral arguments in Facebook v. Amalgamated Bank will begin
The justices are set to review securities law as they hear arguments in a significant case linked to the 2015 data breach involving Cambridge Analytica and Facebook.
The tech giant’s effort to fend off federal securities fraud lawsuits in Facebook v. Amalgamated Bank could narrow the opportunities for private investors to hold companies accountable under federal laws that regulate corporate misconduct.
In 2016, the British political consulting firm Cambridge Analytica accessed and exploited the data of over 30 million Facebook users in relation to Donald Trump’s presidential campaign.
In light of Facebook’s awareness of the data breach and before the public disclosure of Cambridge’s significant data practices, the company proactively submitted a securities filing to its investors that detailed the potential risks stemming from a security breach as well as the likely adverse effects on Facebook’s operations and stock performance.
That disclosure did not reveal that, as Facebook was aware, a large breach of that sort already had occurred.
Read more here at SCOTUS Blog
Defend Your Future with Michigan’s Top Criminal Defense Attorney
Your rights and freedom are too important to leave to chance.
Facing Criminal Charges?
When you’re caught in the turmoil of criminal charges, every moment counts. The anxiety of potential jail time, hefty fines, and a tarnished reputation can be overwhelming. You may feel lost and unsure about where to turn for help.
The Consequences of Inaction
The stakes are high. A conviction can lead to long-lasting repercussions—affecting your job, relationships, and even your future opportunities. Without a strong defense, you risk losing everything you’ve worked hard for. Don’t let fear dictate your fate.
Disclaimer: This article provides a general overview, or opinions and does not substitute for legal advice. As with any law it can change or be modified and research should be done before you rely on any information provided on the internet. Although we make all attempts to link relevant laws these laws can often be gray and corrupted to fit a narrative. Anyone charged with any alleged crime should consult an attorney for specific legal guidance. Articles may be 3rd party or contain opinions and information that do not reflect the current stance of Komorn Law.
Michigan Laws
When Can Your Silence Be Used Against You in a Legal Situation?
US Supreme Court - Salinas v. TexasWhen Can Silence Be Used Against You? In the realm of criminal law, the Fifth Amendment to the United States Constitution grants individuals critical protections, including the right to remain silent and the right against...
Supreme Court 8-1 Gun Possession Decision Changes Second Amendment
Supreme Court 8-1 Gun Possession Decision Changes Second Amendment Landscape Forever!Issue: Whether 18 U.S.C. 922(g)(1), the federal statute that prohibits a person from possessing a firearm if he has been convicted of “a crime punishable by imprisonment for a term...
Government Drones in Your Life – Yes, They Made up a Reason
Long Lake Township v. Maxon The Costs Outweigh Benefits in Exclusionary Rule Application and the Slippery Slope of Fourth Amendment ProtectionsThe recent decision by the Michigan Supreme Court in Long Lake Township v. Maxon represents a significant shift in the...
Supreme Court Opinion – Created federal agencies need judicial oversight
Summary of the Opinion in Loper Bright Enterprises v. RaimondoIn Loper Bright Enterprises v. Raimondo, the Supreme Court addressed the enduring precedent set by Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc., which has shaped administrative law for...
Carjacking is a Federal Offense
Carjacking is a Federal OffenseCarjacking, the act of forcibly stealing an occupied vehicle, has long been a concern for public safety. It was a local and state issue until a series of violent incidents in the early 1990s that carjacking became a federal...
SCOTUS: No separate hearing required when police seize cars loaned to drivers accused of drug crimes
SCOTUS: When police seize cars loaned to drivers accused of drug crimes it does not necessitate a separate preliminary hearing.The U.S. Supreme Court has ruled against two women who loaned their cars to others arrested for drug crimes while using the vehicles, leading...
SCOTUS Opinion, SHEETZ v. COUNTY OF EL DORADO, CALIFORNIA
The Constitution provides “no textual justification for saying that the existence or the scope of a State’s power to expropriate private property without just compensation varies according to the branch of government effecting the expropriation.”The case in question...
Maker of CBD products asks court to decide
The Petitions of the Week column highlights a selection of cert petitions recently filed in the Supreme Court. A list of all petitions we’re watching is available here. Organized crime, from the mafia to small-time money laundering schemes, often evades criminal...
Supreme Court Ruling Strengthens First Amendment Protections: Implications for Michigan’s Threat Speech Laws
In a significant legal development, the United States Supreme Court has recently issued a ruling that has far-reaching implications for individuals facing charges related to "threat speech" in Michigan. The case of Counterman v. Colorado, decided on June 27, 2023,...
Listen Live to the US Supreme Court
Listen live to arguments in the Supreme Court. On Monday, the Supreme Court is set to hear arguments over the phone for the first time ever due to the coronavirus pandemic; they'll hear 10 cases remotely from now until May 13. But that's not the only history being...