Meta settles derivative litigation for $190M; court hearing set for April 7, 2026

Meta Platforms, Inc.

Monetary settlement of $190M to be paid by Defendants to Meta; payment from D&O insurance.
Settlement hearing scheduled for April 7, 2026 at 1:30 pm ET in Delaware Chancery Court.
Settlement includes corporate governance reforms (details in stipulation) and releases claims.
Defendants deny any wrongdoing; settlement avoids further litigation costs and risks.
Parties reached agreement in principle on July 17, 2025, after eight-day trial started.

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