Meta ordered to pay $567 million into abatement fund as remedy to child harms case in New Mexico

A New Mexico judge ordered Meta to pay $567 million into an abatement fund after a jury found the company violated the state’s unfair practices act. The ruling increases legal-cost and potential remediation risk for Meta. The decision is likely to weigh on investor sentiment toward Meta’s compliance and litigation outlook.

Analysis

A New Mexico judge ordered Meta to pay $567 million into an abatement fund after a jury found the company violated the state’s unfair practices act. The ruling increases legal-cost and potential remediation risk for Meta. The decision is likely to weigh on investor sentiment toward Meta’s compliance and litigation outlook.