Meta shareholders look to haul CEO Mark Zuckerberg, Sheryl Sandberg to court (nypost.com)

Wow. Go Meta shareholders!!

"We knowingly bought into a scheme where one man - the one we're suing - has 51% of the voting power on all corporate affairs. We think he screwed up and owes us money. Can you help us?" - the shareholders to the Delaware CoC, in effect.

Remember: the people who work for these shareholders - most of which are institutional investors, not individuals - went to exclusive schools and make more in bonuses than you will in a lifetime of work, at least if you're the average American.

Does anybody with knowledge of the process know if this can be a path to holding companies liable for the private data they save?

I'm cynical enough to think that this, too, will result in a payout of some kind. Whatever it might be called.

Companies like this are too big to be held accountable. Every problem is soluble given their capitalization, the only consequence is irritation and fighting—usually among those already complicit and merely concerned that they didn't maximize their view—of interest to few.

Meanwhile, Rome is burning. Oh well.

These kinds of suits are so common that directors and officers of large corporations all carry insurance against them --- is there something particularly notable about this suit?

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IANAL, but this case sounds like the extremest of long shots to me. Does anyone who knows about this sort of thing have any idea how likely such a lawsuit is to suceede?

How many shareholders are leading this? It better not be someone who owns one share that they didn't even hold for that long....

As one might expect Zuckerberg has now reached a settlement with the plaintiffs. Andreesen was scheduled to take the stand today. As in 2017, Andreesen and Zuckerberg have avoided having to answer questions in a courtroom under oath. By settling at the 11th hour.