NEW YORK, NY / ACCESSWIRE / December 23, 2021 / Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion no later than December 27, 2021 in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Meta Platforms, Inc. f/k/a Facebook, Inc. ("Facebook" or the "Company") (NASDAQ:FB) from April 29, 2021 through October 21, 2021 (the "Class Period"). The lawsuit filed in the United States District Court for the Eastern District of New York alleges violations of the Securities Act of 1934.
If you purchased Facebook securities, and/or would like to discuss your legal rights and options please visit Facebook Shareholder Class Action Lawsuit or contact Joe Seidman toll free at (877) 779-1414 or [email protected].
According to the complaint, Facebook was materially false and misleading and omitted to state: (1) Facebook misrepresented its user growth; (2) Facebook knew, or should have known, that duplicate accounts represented a greater portion of its growth than stated, and it should have provided more detailed disclosures as to the implication of duplicate accounts to Facebook's user base and growth; (3) Facebook did not provide a fair platform for speech, and regularly protected high profile users via its Cross Check/XCheck system; (4) despite being aware of their use of Facebook's platforms, the Company failed to respond meaningfully to...
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