Overview

• The eight-day non-jury trial opened Wednesday before Chancellor Kathaleen McCormick in Delaware’s Court of Chancery.
• Plaintiffs began with expert testimony from Neil Richards who said Facebook’s privacy disclosures violated the 2012 FTC agreement.
• Mark Zuckerberg is slated to testify after defendants maintain they complied with the decree and were deceived by Cambridge Analytica.
• Shareholders seek more than $8 billion in reimbursement for fines and expenses, including the record $5 billion FTC penalty from 2019.
• Legal experts note the case represents a rare Caremark claim that could redefine board oversight responsibilities for data privacy.