An egregious breach of public trust: Ohio sues Meta over whistleblower revelations

Yost sued Meta - as Facebook was recently renamed - after revelations from the whistleblower Frances Haugen shocked consumers and sent stock prices tumbling.

Filed in the northern district of California, the Ohio suit claims that chief executive Mark Zuckerberg and associates violated federal securities law by knowingly deceiving the public.

Through Wall Street Journal articles and other reportage, Haugen’s leaks uncovered how little Facebook’s leadership was doing to protect users or even abide by its own rules.

Yost filed the complaint on behalf of Facebook investors and the Ohio Public Employees Retirement System, a public pension fund affected by falls in Facebook shares.

The Associated Press contributed reporting