Meta Headquarters along 1 Hacker Way in Menlo Park, CA. Photo: Marc Olivier Le Blanc 'Tremendous Wrongdoing': Facebook Shareholders Can Move Forward With Claims Involving Cambridge Analytica Breach
"What we don't have is a little law breaking. What we don't have is isolated law breaking. What we don't have are immaterial violations. This is a case involving tremendous wrongdoing on a truly enormous scale," Laster said.
May 10, 2023 at 06:43 PM
4 minute read
Corporate Governance
Facebook shareholders cleared a major hurdle Wednesday afternoon in their derivative case involving the platform's security policies and the related Cambridge Analytica data breach, with Vice Chancellor J. Travis Laster declining to dismiss the large majority of their claims.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Supermajority Shareholder Approval Not Required for Nevada Conversion
3 minute read
Chancery Stays Action Pending Resolution of a Motion to Dismiss in a First-Filed Action to Which the Defendant Is Not a Party
5 minute read Chancery Court Exercises Discretion in Setting Bond in a Case Involving Share Transfer Restriction
6 minute readLaw Firms Mentioned
Trending Stories
- 1Judicial Ethics Opinion 24-60
- 2California Implements New Law Banning Medical Debt From Credit Reports
- 3Trump Picks Personal Criminal Defense Lawyers For Solicitor General, Deputy Attorney General
- 4Climate Groups Demonstrate Outside A&O Shearman and Akin Offices
- 5Republican Who Might Become FTC's Next Chair Blasts Democratic Commissioners' 'All Mergers Are Bad' Mindset
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
