00:00It's Benzinga bringing Wall Street to Main Street.
00:02Meta said Thursday it is removing ads on Facebook and Instagram that recruit plaintiffs for
00:07litigation, according to Reuters. The tech giant said it is defending itself against
00:12thousands of lawsuits in California and removing ads, stating it will not allow trial lawyers to
00:17profit from its platforms while alleging harm. The move follows Meta's losses in two trials
00:22over the allegations. A Los Angeles jury ordered Meta and Google to pay $6 million in damages,
00:27and a New Mexico jury ordered Meta to pay $375 million over claims related to user safety and
00:34child exploitation. Law firms in these cases work on contingency and use television, radio,
00:39and online ads to recruit as many plaintiffs as possible to make the cases financially viable.
00:44More than 5,700 lawsuits involving addiction claims are pending against Meta and other social
00:50media companies across California state and federal courts. For all things money, visit Benzinga.com.
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