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Facebook Says Supreme Court Ruling Requires Tossing FTC Suit

Facebook App And Logo As Shares Plunge
Photographer: Johannes Berg/Bloomberg

Facebook Inc. said a U.S. Supreme Court decision last week on the Federal Trade Commission’s authority to recover money for consumers means the agency’s monopoly lawsuit against the company must be dismissed.

Facebook argued in a court filing Tuesday that the Supreme Court ruling bolsters its position that the FTC can’t pursue the antitrust lawsuit in federal court.