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European court finds for Facebook in privacy class action battle

Published 01/25/2018, 09:24 AM
© Reuters.  European court finds for Facebook in privacy class action battle
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  • The European Court of Justice ruled against Austrian privacy activist Max Schrems in his bid to organize a class action against Facebook (NASDAQ:FB).
  • He'll be allowed to pursue an individual case against the company for alleged privacy breaches, but won't be able to act on behalf of 25,000 users (for whom he was seeking €500 each).
  • The court ruled that Schrems' claims didn't fall under Europe's consumer protection laws, though he could proceed by himself in Austrian courts.
  • Facebook shares are up 0.6% premarket.
  • Previously: EU set to rule on allowing class action against Facebook (Jan. 24 2018)
  • Now read: Facebook Faces A Potential Technical Downgrade On Today's Decline


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