9th Circuit Finds Investors Failed To Plead Loss Causation Against Meta

( February 27, 2026, 1:02 PM EST) -- SAN FRANCISCO — A Ninth Circuit U.S. Court of Appeals panel affirmed a lower court’s dismissal of investors’ putative class action against Meta Platforms Inc. and certain of its executives over alleged misstatements regarding the financial impact of changes to Apple Inc.’s privacy policy on Meta’s advertisement targeting and measurement capabilities, finding the investors failed to plead loss causation or misrepresentation....