TD says ‘linchpin case’ coming in August after Meta, Google verdicts

TD Cowen policy analyst Paul Gallant says the juries in Los Angeles and New Mexico finding Meta Platforms (META) and Google (GOOG, GOOGL) liable for harming children through addictive product design are notable. However, the “linchpin case” is 30 state attorneys general versus Meta, which goes to trial in August, the analyst tells investors in a research note. TD believes the companies’ best hope may be getting the San Francisco case dismissed under Section 230 or getting Congress to limit their lawsuit exposure in exchange for new regulations.