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Zuckerberg and Meta investors reach settlement in $8B privacy case
TechCrunch· 2025-07-17 15:25
In Brief Mark Zuckerberg and other current and former Meta executives have settled a lawsuit filed by a group of shareholders. They were seeking $8 billion for the damage the executives caused the company by allowing repeated violations of Facebook users’ privacy in relation to the Cambridge Analytica scandal.The parties did not disclose details of the settlement, according to Reuters. Facebook shareholders filed a lawsuit against Mark Zuckerberg, former COO Sheryl Sandberg, and other executives, alleging ...
Meta shareholders look to haul CEO Mark Zuckerberg, Sheryl Sandberg to court over 2012 scandal
New York Post· 2025-07-15 17:24
Mark Zuckerberg is slated to make yet another high-stakes courtroom appearance this week as shareholders seek to hold him accountable for the more than $8 billion that Meta has spent to settle lawsuits over privacy violations. The trial, set to begin Wednesday in Delaware’s Court of Chancery, aims to hold Zuckerberg, former Meta COO Sheryl Sandberg and other former executives personally liable for the billions the company spent to resolve allegations that it failed to safeguard user data. Shareholders argue ...