Meta Headquarters along 1 Hacker Way in Menlo Park, CA. Photo: Marc Olivier Le Blanc Meta Seeks to Toss Shareholder Claim It Failed to Protect Users' Data Privacy
Meta's Gibson Dunn lawyers said its board had the independence to investigate the matter--which stems from the Cambridge Analytica breach--so shareholders failed to show demand futility.
February 16, 2023 at 03:35 PM
3 minute read
Meta Platforms has asked Vice Chancellor J. Travis Laster to dismiss another breach of fiduciary duty suit against the company, claiming the shareholder plaintiff hasn't met demand futility standards.
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