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Shareholders push to certify class in Meta securities case tied to 'Facebook Files'

( December 13, 2025, 02:20 GMT | Official Statement) -- MLex Summary: Lead plaintiffs are seeking class certification in the Meta securities case, arguing the company misled investors in 2021 about the safety of its platforms for young users and the scope of its “X-Check” content-moderation program. The motion says internal research showed serious harms to teens and widespread exemptions for powerful users, contradicting public assurances to the market. Plaintiffs contend that corrective disclosures, particularly the Wall Street Journal’s “Facebook Files” and whistleblower revelations, wiped out more than 14 percent of Meta’s stock value.See attached filing....

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