Key facts
- A federal judge rejected Meta Platforms' bid to dismiss a lawsuit by U.S. state attorneys general.
- The lawsuit accuses Meta of designing Facebook and Instagram to be addictive to children.
- The judge granted summary judgment to the states on Meta's non-compliance with the Children's Online Privacy Protection Act.
- A Michigan judge issued a temporary restraining order against prediction market operator Kalshi.
- Kalshi is prohibited from allowing Michigan residents to place financial bets on sporting events.
- The order against Kalshi stems from allegations of violating state gaming laws.
- A federal judge blocked an Indiana law requiring new disclosures from proxy advisers.
- Institutional Shareholder Services and Glass Lewis are involved in the legal battle against the Indiana law.
- The judge agreed the Indiana law amounted to prohibited "viewpoint discrimination."
- Australia's competition regulator initiated legal action against Amazon's Australian unit.
- The lawsuit against Amazon alleges unfair contract terms related to Prime Video advertisements.
- The lawsuit centers on terms governing how ads are presented to consumers on Prime Video.
A federal judge has rejected Meta Platforms' attempt to dismiss a lawsuit filed by U.S. state attorneys general. The lawsuit accuses Meta of designing its platforms, Facebook and Instagram, to be addictive to children and of knowingly concealing the harm caused by these addictive features. In addition to rejecting the dismissal bid, the judge granted summary judgment to the states on the issue of Meta's non-compliance with the Children's Online Privacy Protection Act (COPPA).
In a separate legal development, a Michigan judge has issued a temporary restraining order against Kalshi, a prediction market operator. This order prohibits Kalshi from allowing Michigan residents to place financial bets on sporting events. The action stems from allegations that Kalshi is violating state gaming laws.
Furthermore, proxy advisory firms have secured a third legal victory against restrictions supported by Republican lawmakers. A federal judge blocked an Indiana law that would have required new disclosures from proxy advisers. The judge ruled that the law constituted prohibited "viewpoint discrimination," siding with Institutional Shareholder Services and Glass Lewis.
Separately, Australia's competition regulator has initiated legal action against Amazon's Australian unit. The lawsuit alleges unfair contract terms related to advertisements displayed on Prime Video. The core of the legal challenge centers on the terms governing how these advertisements are presented to consumers.