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Meta Hit With $25B New Mexico Civil Penalty

By Drooid · · How we work

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Story summary
  • Attorney General Raúl Torrez secured a $25 billion civil penalty against Meta Platforms in New Mexico.
  • A Santa Fe jury found Meta liable for over 43 million violations of the state’s Unfair Practices Act.
  • Judge Francis J. Matthew capped the award at $25 billion after initially calculating more than $219 billion.
  • Meta announced it will appeal, saying the ruling threatens its ability to do business in New Mexico.
  • Private firm DiCello Levitt could earn up to $1.27 billion in fees if the full $25 billion is recovered.
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