Meta investors settle $8b lawsuit with Zuckerberg
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WILMINGTON, Delaware, July 17 (Reuters) - A lawyer for Meta Platforms (META.O) shareholders who were suing Mark Zuckerberg and other company leaders told a Delaware judge on Thursday that the parties had reached a settlement agreement, ending a $8 billion trial over Facebook’s user privacy violations.
Shareholders claim that Mark Zuckerberg and other top officials should have to reimburse Facebook for $8 billion in fines and penalties.