DOVER, Del. (AP) — A Delaware judge has refused to dismiss a shareholder lawsuit alleging that Facebook officers and directors violated both the law and their fiduciary duties in failing for years to protect the privacy of user data.
The judge Wednesday said the plaintiffs had demonstrated that demanding that Facebook’s board take legal action before filing their shareholder lawsuit would have been futile because board members have disqualifying conflicts.
While noting that he was required to accept the allegations in the complaint as true for purposes of ruling on the motion, the judge said the lawsuit suggests that Facebook officials engaged in or allowed wrongdoing “on a truly colossal scale.”
Source: AP – All contents copyright 2023 Associated Press. All rights reserved.
A petit basset griffon Vendéen named for the late rock 'n' roll legend Buddy Holly won Best In Show at the Westminster Kennel Club dog show Tuesday night, a first for the rabbit-hunting breed. Buddy Holly bested six other finalists to garner the most prestigious dog show award in the United States. "I never thought a PBGV would do this," handler and co-owner Janice Hayes said. "Buddy Holly is the […]
