Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
The current and former Facebook management reached the court only one day with shareholders.
Mark Zuckerberg and Meta platforms agreed to resolve the allegations of the current and former and former directors and officers to do $ 8 billion for damage Allegedly caused by the company By allowing the confidentiality of Facebook users to repeat.
Zuckerberg and his colleagues reach an agreement with shareholders who brought a lawsuit on Thursday.
The parties did not disclose the details of the settlement and defenders did not solve Kathaleen McCormick of Delaware Court of Delaware. McCormick delayed the court to enter the second day and congratulated the parties.
Bidders’ lawyer Sam Blenic, said the agreement quickly came together.
Mark Andreessen, a member of the court and a meta director, Mark Andreessen, Marc Andreessen, was scheduled to testify on Thursday.
META shareholders, Zuckerberg, Andreessen and other former company officials, including the old chief operation officer Sheryl Sandberg, are responsible for punishment and legal costs in recent years.
The Federal Trade Commission was fined Facebook $ 5 billion in 2019 After finding, the regulator did not meet the 2012 contract to protect the information of users.
The shareholders wanted 11 suspects to want to rebuild the company from their personal resources. The suspects rejected allegations that they called “extreme allegations.” Changed the name Facebook to Meta in 2021. The company was not a defendant.
The company refused to comment. The lawyer of the accused did not respond immediately to the desire.
“This settlement may bring comfort to the participating parties, but this is a chance to be missed for a public report,” he said.
Zuckerberg was expected to take a stand on Monday and Sandberg on Wednesday. The court was scheduled to pass by the end of next week.
The court also expects Peter Thiel, Peter Thiel, Panter Thiel, co-founder and Netflix’s co-founder and a chaophilar haste certificate.
Long-term concerns
META investors claimed that the former and current board members did not know the compliance of the company in 2012 in 2012 and the claim that Zuckerberg and Sandberg did not know the illegal information collection operation.
Case, information from millions of Facebook users, Donald Trump after the verses obtained by Cambridge Analytica, who worked for successful U.S. presidency in 2016.
On Wednesday, a specialist for the bidders, Facebook calls for “gaps and weaknesses” in the privacy policy, but did not say that the company violated his Facebook 2012 agreement.
Former board member Jeffrey Zents, the company’s FTC current in Wednesday was the responsibility of Zuckerberg law, and shareholders’ legal liability was stated.
On his website, the company has invested billions of dollars to protect the user confidentiality since 2019.
The court would be a rare opportunity to try Zukerberg’s answers to meta investors and test questions. In 2017, Zuckerberg opposed a special class of Facebook shares to the company’s control of the company’s control in a court to testify in an investment claim. This situation also settled before taking the stand.
“Facebook, control capitalism and personal data are interactive, unbearable, unbearable, unbearable, unbelievable, untidy, successfully eliminates the scandal of Cambridge Analysis Analysis,” he said. “This calculation is now unresolved.”
The Meta Foundation decreased by 3.4 percent in New York (15:00 GMT) and 3.1 percent in the last five days.
