Washington — The Supreme Court on Friday dismissed Facebook's appeal of a lower court order reviving a shareholder lawsuit ...

The lawsuit was brought by investors who claim they were misled by the social media giant about risks from a massive data ...

had released several internal documents in September that sparked high-profile news stories — alarming shareholders as they watched prices plunge. According to Wednesday’s lawsuit, Facebook’s share ...

The lawsuit accused Target's board of directors of overlooking the risk of negative backlash and led the company to lose over $25 billion in market capitalization.

An attorney for the shareholders declined to comment. The Facebook lawsuit was one of two securities cases the Supreme Court is considering this term. In the other, the chipmaker and world’s ...