Facebook’s own words are the ‘ultimate definition of fraud,’ says Ohio attorney general

Facebook’s own words are the ‘ultimate definition of fraud,’ says Ohio attorney general

A lawsuit alleging securities law violations, filed against Facebook’s parent company Meta (FB) by Ohio’s largest pension fund, should be an easy one to prove, according to the state’s attorney general.

On Monday, Attorney General Dave Yost along with Ohio’s Public Employee Retirement System filed suit in federal district court in California, alleging that earlier in the year Facebook and its senior executives made false and misleading statements that artificially inflated its share…


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