Meta attorneys ask judge to dismiss suit claiming that directors' obligations extend beyond company

Meta attorneys ask judge to dismiss suit claiming that directors' obligations extend beyond company

11 months ago
Anonymous $Pi6HN8Q0B-

https://apnews.com/article/meta-facebook-instagram-zuckerberg-corporate-responsibility-def515648ab912ae776047ba3b210e82

WILMINGTON, Del. (AP) — Attorneys for Meta and Mark Zuckerberg asked a Delaware judge on Wednesday to dismiss a shareholder lawsuit asserting novel claims about the roles of corporate leaders and arguing that the loyalties of Meta directors should not lie exclusively with the social media giant.

James McRitchie, who runs a website focused on corporate governance and shareholder activism, argues that Meta's directors have breached their duties to the company by putting profits over broader societal and economic interests, including Meta shareholders’ investments in other companies.

Meta attorneys ask judge to dismiss suit claiming that directors' obligations extend beyond company

Wed Dec 20, 6:26pm UTC
https://apnews.com/article/meta-facebook-instagram-zuckerberg-corporate-responsibility-def515648ab912ae776047ba3b210e82 > WILMINGTON, Del. (AP) — Attorneys for Meta and Mark Zuckerberg asked a Delaware judge on Wednesday to dismiss a shareholder lawsuit asserting novel claims about the roles of corporate leaders and arguing that the loyalties of Meta directors should not lie exclusively with the social media giant. > James McRitchie, who runs a website focused on corporate governance and shareholder activism, argues that Meta's directors have breached their duties to the company by putting profits over broader societal and economic interests, including Meta shareholders’ investments in other companies.