An $8 billion class action lawsuit against Meta CEO Mark Zuckerberg and company leaders begins over the Cambridge Analytica privacy scandal. Investors claim Meta didn’t disclose risks of Facebook users’ data misuse. Shareholders seek reimbursement for a $5.1 billion FTC fine and other legal costs, totaling over $8 billion.

The fallout from the scandal led to Facebook paying a $5.1 billion penalty to settle FTC charges and a $725 million privacy settlement with users. Shareholders now want Zuckerberg and others to reimburse Meta for the fine and legal costs. Testimony from Zuckerberg, former COO Sandberg, and board members expected.

The lawsuit alleges Meta failed to disclose risks of Facebook users’ data misuse by Cambridge Analytica, leading to a $5.1 billion FTC penalty. Shareholders seek over $8 billion in reimbursement for the fine and legal costs. Testimony from Zuckerberg, Sandberg, and board members expected in court.

Read more at Yahoo Finance: Meta CEO Mark Zuckerberg expected to testify in $8 billion Facebook privacy lawsuit