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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 12, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.