Daily Market Updates: California AG says Meta case seeks restitution, not major damages

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California AG says Meta case seeks restitution, not major damages

Reported · Written up by our desk · North America

CNBC reports that California Attorney General Rob Bonta said the state’s case against Meta is focused on restitution and what he described as distortion, rather than a trial aimed at extracting large damages.

Bonta’s comments came after opening arguments in the case, according to CNBC, and framed the proceeding as centered on corrective relief rather than maximizing payout amounts.

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Sources

CNBC MarketsCalifornia AG Bonta says case against Meta is about 'restitution and distortion,' not damages

CNBC WorldCalifornia AG Bonta says case against Meta is about 'restitution and distortion,' not damages

Global Markets

California AG says Meta case seeks restitution, not major damages

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