Zuckerberg and Meta officers settle claim they lost company billions by violating privacy laws

Shareholders sued Zuckerberg and others in hopes of holding them liable for fines and legal costs that Meta paidMark Zuckerberg and current and former directors and officers of Meta Platforms agreed on Thursday to settle claims seeking $8bn for the damage they allegedly caused the company by allowing repeated violations of Facebook users’ privacy, a lawyer for the shareholders told a Delaware judge on Thursday.The parties did not disclose details of the settlement and defense lawyers did not address the judge, Kathaleen McCormick of the Delaware court of chancery. McCormick adjourned the trial just as it was to enter its second day and she congratulated the parties. Continue reading...

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