Meta investors settle $8bn lawsuit with Zuckerberg
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Meta investors and Meta CEO Mark Zuckerberg settled an $8 billion lawsuit with shareholders on Thursday. The investors were seeking $8 billion in damages from Meta in fines and legal costs shelled
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Cryptopolitan on MSNMeta shareholders are suing the company’s board for allegedly failing to enforce privacy rulesMeta’s executives will meet in a Delaware court starting Wednesday over a lawsuit filed by three minority shareholders who allege that the company’s board of directors failed to enforce privacy rules.
Shareholders claim that Mark Zuckerberg and other top officials should have to reimburse Facebook for $8 billion in fines and penalties.
Delaware court to hear testimony from Mark Zuckerberg, executives and directors in rare case that begins this week
Shareholder lawsuit challenges board oversight Meta bigwigs are heading to a Delaware courtroom this week as minority investors target the board over privacy failures that led to billions in sanctions.