Judge rules plaintiff, Matt Eisner, failed to show alleged inadequate disclosures hurt shareholders
Meta Platforms and its chief executive, Mark Zuckerberg, won the dismissal of a lawsuit claiming they misled shareholders in Meta’s proxy statement about their ability to ensure the safety of children who use Facebook and Instagram.
In a decision on Tuesday, the US district judge Charles Breyer in San Francisco said the plaintiff, Matt Eisner, failed to show that shareholders suffered economic losses from Meta’s alleged inadequate disclosures.
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