Jef Feeley
Meta Settles Cambridge Analytica-Related Claims for $190 Million
Mark Zuckerberg and other Meta Platforms directors agreed to a $190 million settlement of claims they failed to rectify repeated violations of Facebook users’ privacy and improperly engineered an accord to shield the billionaire chief executive officer from personal liability. The amount of the settlement had been sealed since a trial was halted in July.
John Malone and Charter Directors Agree to $87.5 Million Settlement
John Malone and his former colleagues on Charter’s board agreed to an $87.5 million settlement of claims the billionaire unfairly benefited from the $79 billion purchase of Time Warner Cable he helped finance. The accord disclosed in a Delaware court filing resolves an investor’s lawsuit against directors of the second-largest US cable company over their handling of the 2016 deal. The money will come from insurance covering directors named in the suit and will go into Charter’s coffers, not to the shareholder who filed the case.