A Delaware judge on Wednesday refused to dismiss a shareholder lawsuit alleging that Facebook officers and directors violated both the law and their fiduciary duties in failing for years to protect the privacy of user data.Vice Chancellor J. Travis Laster rejected arguments that the complaint should be dismissed because the plaintiffs did not first demand that Facebook's board take legal action before filing litigation themselves.
#years #allegations #independence #shareholders #legal-action #personal-data #personal-information #mark-zuckerberg #disclosures #insider-trading
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