The Securities and Exchange Commission notified Facebook in May that its inquiry into the company’s initial public offering was complete, and no enforcement action would be taken, the social network reported last week in its Form 10-Q filing with the SEC.
Facebook urged the Ninth U.S. Circuit Court of Appeals in San Francisco to uphold the $20 million settlement of a class-action lawsuit over the use of users’ images in sponsored stories, Mediapost reported, citing a filing with the court last Friday.
Federal Wiretap Charges Vs. Facebook, Zynga Dismissed, But Facebook Still Faces Breach-Of-Contract Claims
It was a mixed bag for Facebook at the Ninth U.S. Circuit Court of Appeals in San Francisco Thursday, as Reuters reported that federal wiretap claims against the social network and game developer Zynga were dismissed, but breach-of-contract claims under California state law were revived.
Final Approval Granted For Facebook’s $20M Settlement Of Class-Action Lawsuit Over Users’ Images In Sponsored Stories
U.S. District Court Judge Richard Seeborg granted final approval to Facebook’s $20 million settlement of class-action lawsuit Fraley et al vs. Facebook Monday, which was filed regarding the use of users’ images in sponsored stories, wrapping up proceedings that started in 2011.