Mark Zuckerberg and current and former directors and officers of Meta Platforms agreed on Thursday to settle claims seeking $8 billion 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.
The plaintiffs’ lawyer, Sam Closic, said the agreement just came together quickly.
Mark Zuckerberg and current and former directors and officers of Meta Platforms agreed to settle shareholders claims seeking $8 billion for the damage they allegedly caused the company for allowing violations of Facebook users’ privacy. Getty Images
Billionaire venture capitalist Marc Andreessen, who is a defendant in the trial and a Meta director, was scheduled