(Madalina Vasiliu/The Epoch Times) The Supreme Court's eventual ruling in the case could have an impact on corporate disclosure standards going forward. The case involves a private securities fraud-related class action arising out of the now-defunct UK-based Cambridge Analytica's "wrongful acquisition and misuse of Facebook user data," according to Facebook's filing with the nation's highest court. Meta agreed in December 2022 to pay out $725 million to settle a class-action proceeding that said the company permitted third parties, including Cambridge Analytica, to gain access to as many as 87 million users' personal information. The incident was made public in 2018. Cambridge Analytica previously worked for then-candidate Donald Trump's successful presidential campaign in 2016, and had access to personal data from millions of Facebook accounts for purposes of targeting and profiling voters.