Ohio’s largest public pension system filed a class-action lawsuit against Facebook, alleging that the social media giant misled investors and breached the public’s trust.
Ohio Public Employees Retirement System, which manages $125 billion on behalf of 1.1 million Ohioans, says it purchased Facebook stock “at artificially inflated prices” in 2021 and suffered damages because of Facebook’s violations of federal securities laws.
“Defendants were aware that Facebook’s platforms facilitate dissension, illegal activity, and violent extremism, and cause significant harm to users, especially children, but Facebook refused to correct these issues,” the federal lawsuit alleges. “All told, these disclosures erased more than $100 billion in shareholder value and subjected Facebook to immense reputational harm.”
- We Just Witnessed An Economic Sign That Hasn’t Happened Since The Peak Of The Great Depression In 1932
- Every Time Something Strange Occurs, They Want Us To Believe That It Is “Just A Coincidence”
- There Is Far More Going On Behind The Scenes Than Most People Ever Imagined…
- RUSSIA releases message for American Soldiers
- UKRAINE IS ABOUT TO GET REKT
- Fleet Of B-52s Recorded Flying Over Long Island Out To The Atlantic Ocean Toward Europe..Something’s Up…
- New strikes on Iranian targets near Syria\Iraq border (Day 3)
- The FDA Is Literally Demonic
- US Consumers Have Lost $4 Trillion In Real Disposable Income Under Biden
- Doctors Will Report Those Who Refuse The Injections