US Edition
Meta investors, Zuckerberg to square off at $8 billion trial over alleged privacy violations
WILMINGTON, DELAWARE, JUL 14 – Shareholders seek $8 billion in damages claiming Meta's board neglected privacy duties, enabling the Cambridge Analytica breach that led to a $5 billion Federal Trade Commission fine.
- Meta shareholders have initiated an $8 billion trial against Mark Zuckerberg and others over alleged privacy violations involving user data harvested without consent, violating a 2012 FTC agreement.
- Jeffrey Zients, former White House Chief of Staff, is expected to testify in this landmark case, which highlights board members' alleged failure to oversee privacy practices.
- Defendants, including Zuckerberg, claim there is no evidence of wrongdoing and argue they acted to comply with regulatory requirements.
- Shareholders seek reimbursement for over $8 billion in fines and costs stemming from the Cambridge Analytica scandal, which revealed unauthorized data access of millions.
178 Articles
178 Articles
André Fricke has won damages for data protection violations in the court of Facebook. Almost everyone could sue on the same grounds.
Meta Shareholders Sue Mark Zuckerberg, Peter Thiel For $8 Billion Over Privacy Violations Linked To Cambridge Analytica Scandal - Meta Platforms (NASDAQ:META), Boeing (NYSE:BA)
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.
Meta Trial on Privacy Scandal Begins With Tech, Politics A-List
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’s CEO is accused of intentionally failing to comply with a privacy agreement with the US Federal Trade Commission (FTC)
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