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HomeScamsBillionaire’s Lawsuit Over Facebook Scam Crypto Ads Put on Hold

Billionaire’s Lawsuit Over Facebook Scam Crypto Ads Put on Hold

Australian billionaire Andrew Forrest’s lawsuit alleging that Meta Platforms Inc.’s Facebook failed to remove scam cryptocurrency advertisements featuring false endorsements by Forrest was paused by a California federal judge while parallel litigation plays out in Australia.

US District Judge Edward Davila on Wednesday granted Meta’s request to stay the litigation until Aug. 17, finding that proceeding with civil litigation in the US would undermine Meta’s right to not produce evidence and documents in Australia, where Forrest initiated a private criminal prosecution over the ads.

“The Court finds that Facebook may be burdened absent a stay because civil discovery could expand …

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