Meta, Mark Zuckerberg and Facebook
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An $8 billion US trial by Meta Platforms shareholders against Mark Zuckerberg and other current and former company leaders kicks off on Wednesday over claims that they illegally harvested the data of Facebook users in violation of a 2012 agreement with the U.
The trial against Meta CEO Mark Zuckerberg and other former and current leaders, over Facebook privacy violations, has officially begun.
Behind-the-scenes details of an agreement between Facebook and US privacy regulators in 2019 emerged in a Delaware court Wednesday, during a trial on investor claims the settlement cost them at least $7 billion.
Meta shareholders have launched an $8 billion lawsuit against Mark Zuckerberg, Sheryl Sandberg, Peter Thiel, and other executives, accusing them of failing to prevent the Cambridge Analytica data breach and violating a 2012 FTC privacy agreement.
The first trial of oversight liability claims against a public company may prove riskier for Delaware’s elite business court and its chief judge than the expected star witness, Meta Platforms Inc. founder Mark Zuckerberg.
Meta Platforms is embroiled in an $8 billion trial over allegations of unlawfully harvesting Facebook user data in violation of a 2012 FTC agreement. Shareholders demand reimbursement from company leaders,