These kinds of suits are so common that directors and officers of large corporations all carry insurance against them --- is there something particularly notable about this suit?
https://www.bnnbloomberg.ca/business/company-news/2025/07/16...
https://www.klgates.com/The-Continued-Evolution-of-Caremark-...
IMO, also notable because of who is scheduled to testify.
Unless I am missing something, I don't think Zuckerberg has ever been questioned under oath in court.
https://www.cnbc.com/2017/09/22/facebook-settles-class-actio...
But, yeah, the $8B in question hardly seems existential to FB.
This suit is regarding a privacy order they failed to meet and the investors claim this led to the Cambridge Analytics affair. Not a once a quarter repeat event.
Perhaps if we hang around here looking sad someone else will research the answer and tell us?