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?
Oh, yeah, no, I totally get why a serious lawsuit against Facebook execs would be on-topic for HN! I'm more asking, doesn't Facebook see a lawsuit like this like once a quarter?
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?
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.
You would have to be a shareholder (which you probably are if you have a 401k) and you would have to show that their decision to save and use private data has hurt their enterprise such that they would have been more profitable and/or grown more/faster had they not done so.
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.
Readit News
https://www.bnnbloomberg.ca/business/company-news/2025/07/16...
https://www.klgates.com/The-Continued-Evolution-of-Caremark-...
IMO, also notable because of who is scheduled to testify.
Unless I am missing something, I don't think Zuckerberg has ever been questioned under oath in court.
https://www.cnbc.com/2017/09/22/facebook-settles-class-actio...
But, yeah, the $8B in question hardly seems existential to FB.
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.
Individuals directors are being sued, not the company
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