Meta Privacy Claims Settlement Backed by Delaware Business Court

A $190 million settlement to resolve claims that Mark Zuckerberg and other Meta Platforms Inc. directors mishandled the Cambridge Analytica data privacy scandal won final approval Tuesday from a Delaware court.

Investors claimed Meta’s board repeatedly failed to stop violations of Facebook users’ privacy and improperly reached a $5 billion settlement with the US Federal Trade Commission to protect Zuckerberg from personal liability. The derivative litigation, which originally sought at least $7 billion in damages, advanced to a rare trial of corporate oversight claims, but just one day of testimony was completed in Delaware Chancery Court before the investors secured ...