Mingson Lau.

Former Meta board member and former White House Chief of Staff Jeffrey Zients, left, exits the Leonard L. Williams Justice Center after testifying in a shareholders' lawsuit against current and former Meta leaders on Wednesday, July 16, 2025, in Wilmington, Del. (AP Photo/Mingson Lau)

Settlement reached in investors’ lawsuit against Meta CEO Mark Zuckerberg and other company leaders

A settlement has been reached in a class action investors’ lawsuit against Meta CEO Mark Zuckerberg and company leaders over claims stemming from the privacy scandal involving the Cambridge Analytica political consulting firm. The suit sought billions of dollars in reimbursement for fines and legal costs. The settlement was announced in Delaware’s Court of Chancery at the start of the second day of trial. No details about the deal were shared publicly in the courtroom, and nothing related to the settlement had been filed with the court. The attorneys involved left court without commenting. A Meta representative said it had no comment.

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FILE - Shown is the Leonard L. Williams Justice Center housing the Court of Chancery in Wilmington, Del., Oct. 4, 2022. (AP Photo/Matt Rourke, File)

Texas, Oklahoma and Nevada make changes to lure business amid Delaware’s ‘Dexit’ concern

Changes approved recently by lawmakers in Texas, Oklahoma and Nevada could help their states lure some of the big-money legal business that Delaware and its specialized court have dominated as the world’s incorporation capital. Texas, which opened a business court last year, approved giving businesses more legal protections against shareholder lawsuits. Nevada lawmakers OK’d a corporation-friendly update to its business laws, and moved toward asking voters to change the state constitution to create a dedicated business court with appointed judges.

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