Cambridge Analytica, Meta and Mark Zuckerberg
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The lawsuit had been ongoing for many years and would have forced top-level executives to speak before the court.
The class action lawsuit against Meta CEO Mark Zuckerberg and other leaders concerns privacy breaches related to Cambridge Analytica. Investors claim Meta failed to disclose risks as Facebook violated an FTC consent order.
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Shareholders claim that Mark Zuckerberg and other top officials should have to reimburse Facebook for $8 billion in fines and penalties.