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Judge Rules Facebook Lawsuit of 'Liked' Ads Can Proceed

     
1:13 pm on Dec 19, 2011 (gmt 0)

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Judge Rules Facebook Lawsuit of 'Liked' Ads Can Proceed [bloomberg.com]
Facebook Inc., the world’s most used social-networking service, can be sued by people who claim showing advertisements that their friends apparently like violates a California law regarding commercial endorsements.

U.S. District Judge Lucy Koh in San Jose rejected Facebook’s bid to dismiss the lawsuit on Dec. 16, ruling the plaintiffs may pursue claims that the company’s sponsored ads violate state law and are fraudulent. Koh granted Facebook’s request to dismiss a claim that it unjustly enriched itself with the sponsored ads.

1:23 pm on Dec 19, 2011 (gmt 0)

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This could hurt Mark's plans for IPO..not what he would have wanted for Xmas..