Zuckerberg, Meta directors agree to $190 million settlement of shareholder privacy case

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Mark Zuckerberg and current and former leaders of Meta Platforms agreed to pay the company $190 million to resolve shareholder allegations that they damaged Meta by violating Facebook users’ privacy, according to a settlement unveiled on Thursday.

The company’s board also agreed to policy changes governing directors’ conduct, insider trading and whistleblower protections.

The deal ended litigation by shareholders who accused the Facebook co-founder and other defendants of saddling the company with billions of dollars in fines and legal costs stemming…



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Zuckerberg, Meta directors agree to $190 million settlement of shareholder privacy case



Mark Zuckerberg and current and former leaders of Meta Platforms agreed to pay the company $190 million to resolve shareholder allegations that they damaged Meta by violating Facebook users’ privacy, according to a settlement unveiled on Thursday.

The company’s board also agreed to policy changes governing directors’ conduct, insider trading and whistleblower protections.

The deal ended litigation by shareholders who accused the Facebook co-founder and other defendants of saddling the company with billions of dollars in fines and legal costs stemming…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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