AMWatch

PFA named lead plaintiff in market misinformation suit against Facebook

Denmark’s largest commercial pension company, PFA, has been chosen to lead a legal suit against tech giant Meta alongside the largest public pension fund for the state of Ohio.

Photo: PR / PFA

PFA has announced that it is starting legal proceedings against tech giant Meta, which owns Facebook.

The suit will investigate whether Facebook/Meta misled investors from April 29 to October 21, 2021, as a result of an algorithm change that aimed to increase user engagement but led to misinformation and various types of damaging content being spread to an alarming degree.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Pensions sector responds to "unnuanced" carbon report

In a new report, NGO Mellemfolkeligt Samvirke criticized the pension sector for its DKK 22bn investments in fossil fuel expansion. An industry organization has now responded, saying the report ignores the complicated nature of the issue.

Further reading

Related articles

Latest news

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch