Securities Regulation Daily Wrap Up, CORPORATE GOVERNANCE—N.M. Dist.: New Mexico Court Orders Meta to Pay $25B Over Privacy Misrepresentations, (Oct 22, 2026)

By Tom Leithauser

A New Mexico state court today imposed a $25 billion penalty on Meta Platforms, Inc., after finding that the social media giant misrepresented its privacy practices in violation of the state’s Unfair Practices Act. Meta said it would appeal.

&# ...