Meta to receive $190 million in settlement of stockholder derivative lawsuit
Meta Platforms disclosed the proposed settlement of a Delaware stockholder derivative lawsuit, In re Facebook Inc. Derivative Litigation, which is subject to court approval. Defendants will pay Meta $190 million, an all-in amount that also covers plaintiffs' attorneys' fees and expenses, and the settlement resolves all claims in the case. The Court of Chancery set a settlement hearing for April 7, 2026, and the filing says defendants deny any wrongdoing.
- Defendants to pay Meta $190 million; this all-in amount includes attorneys' fees and expenses awarded to plaintiffs' counsel
- Parties reached an agreement in principle on July 17, 2025; the Stipulation is dated November 20, 2025
- Court of Chancery Scheduling Order dated December 5, 2025 sets the settlement hearing for 1:30 pm ET on April 7, 2026
- Defendants deny all allegations of fault, liability, and wrongdoing and state they are settling to avoid the cost of continued litigation