Meta leaders settle $8 billion lawsuit
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Meta Platforms Inc. Chief Executive Mark Zuckerberg, along with former and current company directors and officers, today reached a settlement in a trial in which shareholders sought $8 billion in damages for losses related to the Cambridge Analytica privacy scandal.
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.