Overview

• The settlement ended the trial on its second day, avoiding an extended eight-day hearing in Delaware Chancery Court.
• Shareholders had sought $8 billion in damages for alleged willful violations of a 2012 FTC consent order by Mark Zuckerberg and other leaders.
• The lawsuit centered on data misuse linked to Cambridge Analytica’s harvesting of millions of Facebook user profiles for political campaigns.
• Meta previously paid a record $5 billion FTC penalty in 2019 for privacy breaches tied to the same consent order.
• Board members such as Sheryl Sandberg, Marc Andreessen and Peter Thiel were among the executives covered by the settlement, preventing their testimony in court.