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Benzinga
Benzinga
Business
Ananya Gairola

Mark Zuckerberg, Peter Thiel And Meta Board Dodge Courtroom Showdown As Shareholders Abruptly Settle $8 Billion Privacy Lawsuit

Mark Zuckerberg Meta Peter Thiel Lawsuit Nasdaq Sheryl Sandberg Caremark Facebook
Facebook,Logo,On,Screen,And,Mark,Zuckerberg,Is,A,Chief

Meta Platforms, Inc. (NASDAQ:META) shareholders ended a landmark $8 billion lawsuit against Mark Zuckerberg and several current and former executives on Thursday, reaching a surprise settlement just as the high-profile privacy trial was set to enter its second day.

What Happened: The surprise settlement was announced Thursday morning by the plaintiffs' lawyer without disclosing terms. Delaware Judge Kathaleen McCormick adjourned the trial, reported Reuters. 

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