Analyst

Facebook Gets Favorable Ruling in Privacy Violation Case

Per Bloomberg news, Facebook Inc. (FB – Analyst Report) has crushed a bid for a class action lawsuit that accused the social media company of “automatically and surreptitiously” giving advertisers access to personal information of its users. Users claimed that Facebook gave away details like usage of website to advertisers when they clicked on the ads, undermining Facebook’s own “explicit …


Moody’s: Lending Club Class Action Case Is Credit Negative for Marketplace Loan ABS

A proposed class action against LendingClub Corporation is credit negative for asset-backed securities (ABS) backed by consumer loans originated through online platforms using a partner bank origination model, Moody’s Investors Service says in a new report. The lawsuit confirms that the owners of such loans face legal challenges over whether the loans are exempt from …