US EditionMeta investors, Zuckerberg reach settlement to end $8 billion trial over Facebook privacy litigation
DELAWARE, JUL 17 – Meta shareholders settled an $8 billion lawsuit accusing executives of failing to protect user data amid the Cambridge Analytica scandal and related $5 billion Federal Trade Commission fines.
- On Thursday, July 17, 2025, the parties settled at Wilmington, Delaware Court of Chancery, ending the trial on its second day.
- Seeking $8 billion, Meta shareholders alleged failure to follow a 2012 FTC consent decree and running Facebook as an illegal data harvesting operation.
- After opening Wednesday amid overpayment accusations, Marc Andreessen was set to testify Thursday, but the settlement cut off further testimony.
- Despite the abrupt end, settlement amount remains undisclosed, and Jason Kint of Digital Content Next warned it is a missed opportunity for public accountability.
- Earlier this year, the Delaware General Assembly passed laws to insulate dominant shareholders from personal liability.
122 Articles
122 Articles
Mark Zuckerberg, Peter Thiel And Meta Board Dodge Courtroom Showdown As Shareholders Abruptly Settle $8 Billion Privacy Lawsuit - Netflix (NASDAQ:NFLX), Meta Platforms (NASDAQ:META)
Meta shareholders abruptly settled an $8 billion lawsuit accusing Mark Zuckerberg and other executives of oversight failures in Facebook's privacy practices, allowing them to avoid public testimony in the first-ever Caremark trial over data governance.
Meta investors, Zuckerberg settle $8 billion privacy lawsuit over Facebook data violations
Meta has settled a shareholder lawsuit over its $5 billion FTC fine just before trial testimony was set to begin. The confidential agreement spares Mark Zuckerberg and Sheryl Sandberg from testifying under oath in the high-profile data privacy case.
After just one day, a Facebook data protection affair process ends with a comparison. Corporate CEO Mark Zuckerberg is thus spared a statement.
The debates in this suit for neglect of several Facebook leaders had begun the day before.
East Bay Times
siliconvalley.comSettlement reached in suit against Meta, CEO Mark Zuckerberg over Cambridge Analytica
By Mingson Lau | Associated Press WILMINGTON, Del. — A settlement was announced Thursday in court in a class action investors’ lawsuit against Meta CEO Mark Zuckerberg and current and former company leaders over claims stemming from the privacy scandal involving the Cambridge Analytica political consulting firm. The suit had sought billions of dollars in reimbursement for fines and legal costs. No details on the settlement were shared when it wa…
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