Facebook Fair Fund
Administered by RCB Fund Services LLC
March 2024 Update:
We are continuing to review the more than 700,000 claims that were submitted in this case. In the next step we will be sending a Claim Status Notice to all claimants. The Claim Status Notice will set forth the determination of eligibility on your claim and provide you an opportunity to address any issues with your claim(s). We greatly appreciate your patience as we work through the extraordinary number of claim filings. Please check back to the website as we will continue to provide updates as the process evolves.
Welcome to the Facebook Fair Fund Website
On July 24, 2019, the U.S. Securities and Exchange Commission (“SEC” or “Commission”) commenced an action against Facebook, Inc. (“FB”).[1] The Commission alleged, among other things, that Facebook made misleading statements in its public filings from 2016 until mid-March 2018 about the misuse of its users’ data.
The Final Judgment ordered FB to pay a $100 million civil penalty. By Order dated August 17, 2020, the Court created a Fair Fund pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002 (the “FB Fair Fund”) to be used to distribute the penalty to investors harmed by FB’s alleged misleading disclosures regarding the risk of misuse of FB user data. The August 17, 2020 Order also appointed RCB Fund Services LLC, as the Distribution Agent for the FB Fair Fund to oversee all aspects of the administration and distribution of the Fair Fund.
On April 25, 2022, the Court approved a plan of distribution for the FB Fair Fund. The plan of distribution sets forth the eligibility criteria and other rules governing the administration and distribution of the FB Fair Fund.
[1] Facebook, Inc. is now known as Meta Platforms, Inc.
If you purchased FB common stock on a U.S. exchange during the period from January 28, 2016 through the close of the market on March 19, 2018, you may be eligible for compensation from the FB Fair Fund.
File Your Claim Online
Submit your claim using a simple online claims process.
Questions regarding eligibility?
Please visit the FAQs for answers to the most commonly asked questions.
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