New Mexico wants Meta to pay up to $40 billion in penalties after data privacy trial
State lawyers say 43 million violations justify a penalty meant to deter Meta and reflect repeated deceptive statements about data privacy and hate-speech policies.
- On Tuesday, New Mexico attorneys asked First Judicial District Judge Francis Mathew to order Meta Platforms Inc. to pay between $35 billion and $40 billion in civil penalties following a historic jury verdict last week.
- The jury determined last week that Meta violated the state's Unfair Practices Act more than 43 million times, finding executives made dozens of deceptive statements regarding data privacy and the Cambridge Analytica scandal.
- Albuquerque attorney Randi McGinn argued the penalty must affect Meta's stock price, while Meta attorney Matt Nicholson called the request an "astronomical penalty" and urged the judge to cap damages at $3.45 billion.
- Judge Francis Mathew did not indicate a specific award amount during the hearing and said he expects to issue a ruling within the next three weeks after giving parties time to submit additional briefs.
- If approved, the judgment would be the largest in U.S. history, dwarfing previous settlements including the $5 billion paid to the Federal Trade Commission in 2019 to resolve consumer protection cases.
11 Articles
11 Articles
New Mexico wants Meta to pay up to $40 billion in penalties after data privacy trial
The state of New Mexico asked a judge on Thursday to order Meta Platforms to pay between $35 billion and $40 billion in penalties after a jury found the company had misled consumers about the privacy of their data on Facebook in a case that came out of the Cambridge Analytica scandal.
New Mexico attorneys request judge fine Facebook up to $40B for violating state law
Attorneys representing the State of New Mexico requested a district court judge on Thursday fine Facebook between $35 to $40 billion after a Santa Fe jury last week found that the social media giant willfully violated state law regarding unfair and deceptive trade practices.
Judge Should Penalize Meta $40B In Latest Trial, NM Argues
The state of New Mexico asked a judge Thursday to penalize Meta $35 billion to $40 billion for statements that a jury found grossly misrepresented the social media giant's actual data privacy practices, while Meta argued no harm was proven and the damages should be in the $345 million to $3.45 billion range.
New Mexico Seeks $40 Billion Penalty From Meta in Historic Trial
The New Mexico Attorney General asked a state court judge at a hearing Tuesday to issue up to $40 billion in civil penalties against Meta Platforms Inc. after the social media company lost a historic jury trial last week.
State of New Mexico Asks Judge for $35B Against Meta in Privacy Case: 'The World Is Watching'
First Judicial District Judge Francis Mathew, in Santa Fe, heard arguments on monetary relief following a jury’s Sept. 25 verdict that found Meta's executives made dozens of misstatements about the Cambridge Analytica scandal, including how it managed user data, to New Mexicans.
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