Joseph Slights, Vice Chancellor of the Delaware Chancery Court in the USA, has ruled that Facebook shareholders have a "credible basis" to believe that the social media company's directors had done some wrong in relation to data breaches. Specifically, Slights cited the Cambridge Analytica data breach in which millions of Facebook users data meant for research purposes was used to target political advertisements as them.
This comes on the back of Facebook shareholders suing the Menlo Park company during 2018 asking for records of the Cambridge Analytica data breach and others.
"For the foregoing reasons, a judgment shall be entered in favor of Plaintiffs that directs Facebook to allow inspection of the books and records designated in this Memorandum Opinion. The parties shall confer and submit a joint proposed implementing order and final judgment within fifteen (15) days," wrote Slights.
When initially suing Facebook, it was stated that Facebook had not only failed to protect the privacy of its users, but had also deceived users about who had access to their data and how it was used. Facebook have since revoked access to user data even for researchers.
This recent court ruling comes on the heels of Facebook announcing about a month ago that it would set aside $5 billion in anticipation of being hit with fine by the Federal Trade Commission. The fine is for violating a 2011 consent decree requiring it to clean up its privacy practices.
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