Tech
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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