Meta investors, Zuckerberg reach settlement to end $8 billion trial over Facebook privacy litigation

Source: CNN Business/Reuters

Published 11:22 AM EDT, Thu July 17, 2025


Reuters — Mark Zuckerberg and current and former directors and officers of Meta Platforms agreed on Thursday to settle claims seeking $8 billion for the damage they allegedly caused the company by allowing repeated violations of Facebook users’ privacy, a lawyer for the shareholders told a Delaware judge on Thursday.

The parties did not disclose details of the settlement and defense lawyers did not address the judge, Kathaleen McCormick of the Delaware Court of Chancery. McCormick adjourned the trial just as it was to enter its second day and she congratulated the parties. The plaintiffs’ lawyer, Sam Closic, said the agreement just came together quickly.

Billionaire venture capitalist Marc Andreessen, who is a defendant in the trial and a Meta director, was scheduled to testify on Thursday. Shareholders of Meta sued Zuckerberg, Andreessen and other former company officials including former Chief Operating Officer Sheryl Sandberg in hopes of holding them liable for billions of dollars in fines and legal costs the company paid in recent years.

The Federal Trade Commission fined Facebook $5 billion in 2019 after finding that it failed to comply with a 2012 agreement with the regulator to protect users’ data. The shareholders wanted the 11 defendants to use their personal wealth to reimburse the company. The defendants denied the allegations, which they called “extreme claims.” Facebook changed its name to Meta in 2021. The company was not a defendant. The company declined to comment. A lawyer for the defendants did not immediately respond to a request for comment.

Read more: https://www.cnn.com/2025/07/17/tech/meta-investors-zuckerberg-settlement-8-billion-trial-facebook-privacy