Mark Zuckerberg and current and former Meta executives agreed on Thursday to settle a $8 billion shareholder lawsuit alleging the company’s directors failed to prevent billions of dollars in fines

An $8 billion US trial by Meta Platforms shareholders against Mark Zuckerberg and other current and former company leaders kicks off on Wednesday over claims that they illegally harvested the data of Facebook users in violation of a 2012 agreement with the U.

The trial against Meta CEO Mark Zuckerberg and other former and current leaders, over Facebook privacy violations, has officially begun.

Meta Platforms is facing a legal challenge as shareholders accuse the board of inadequate oversight related to privacy violations. The case stems from the infamous Cambridge Analytica data breach. The defendants,