Facebook aims to stop a $3.7 billion mass protest against market dominance in the UK
Facebook on Monday asked a London tribunal to halt a class action lawsuit over claims the social media giant misused its dominant position to profit from users' personal data. The lawsuit is estimated to be worth up to 3 billion pounds ($3.7 billion).
A class action lawsuit has been filed against Meta Platforms Inc., the parent company of the Facebook group, on behalf of the estimated 45 million Facebook users in Britain.
The plaintiff, a legal scholar named Liza Lovdahl Gormsen, claims that Facebook users were not fairly compensated for the value of the personal information they were required to provide in order to use the platform.
According to her attorneys, users should be compensated for the economic value they would have gained if Facebook did not hold a monopoly position in the social network market.
But Meta argued that the lawsuit should not go forward because it was "entirely without merit." According to its attorneys, the alleged losses disregard Facebook's "economic value."
On Monday, Lovdahl Gormsen's attorneys requested certification of the case under the UK's collective proceedings regime, which is roughly equivalent to the class action regime in the United States, from the Competition Appeal Tribunal.
The tribunal's determination of whether the individual cases can be appropriately handled together will determine whether or not collective proceedings will be certified, not their merits.
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