Meta headquarters in Menlo Park, California. Photo: Marc Olivier Le Blanc. Meta Shareholder: Board Has Obligation to Think Beyond Stock Price
The complaint may be the first of its kind in Delaware in that it involves not just Meta's duty to its shareholders in isolation, but its obligation to take its broader economic impact on those shareholders' diversified portfolios into account.
October 04, 2022 at 05:07 PM
3 minute read
A shareholder has filed a breach of fiduciary duty suit against Meta and its directors in the Court of Chancery.
The complaint, filed Monday, may be the first of its kind in Delaware in that it involves not just Meta's duty to its shareholders in isolation, but its obligation to take its broader economic impact on those shareholders' diversified portfolios into account.
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