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Meta Platforms Pays $18 Billion to Settle Multi-State Lawsuit

Meta Platforms (Facebook) logoMeta Platforms (Facebook)
Sig6.90Sen-3.60Env0.00Soc-5.60Gov-6.40

Meta Platforms agreed to a roughly $17 billion settlement to resolve a class action brought by 47 states, framed by state attorneys general as the largest state consumer protection settlement outside big tobacco deals. The deal also reduces exposure tied to New Mexico, where courts previously ordered nearly $1 billion in outstanding fines.

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