RP120 Billion test version in relation to Facebook's data protection practice shows Zuckerberg

Jakarta -A court hearing worth 8 billion US dollars, which were submitted by the shareholders of META platforms against Mark Zuckerberg and a number of current managers and former leaders, began on Wednesday, July 16. The lawsuit accuses her of collecting Facebook user data illegally and violating an agreement from 2012 with the US Federal Trade Commission (FTC).

Jeffrey Zents, former chief of staff of the White House in the era of President Joe Biden and director of Meta since May 2018, will probably be one of the first witnesses to testify in this legal proceedings. The process was led by Chief Judge Kathaler McCormick during the Delaware Chancer Court.

The case will submit statements by Zuckerberg and other billionaire guards, including the former Chief Operating Officer, Sheryl Sandberg, the risk capitalist and board member Marc Andreessen as well as former board member Peter Thiel, founder of Palantir Technologies, and Reed Hastings, founder of Netflix.

Lawyers of the accused who denied the allegations refused to comment.

The case began in 2018, after it became known that Cambridge Analytica, a political consulting firm that has now been dissolved and works for Donald Trump's successful campaign in the US presidential election in 2016. The FTC then punished a fine with the scandal with 5 billion US dollars (IDR 8.3 trillion IDR) and argued that the company had violated the 2012 agreement to protect user data.

The shareholders demanded that the defendants replace the FTC and other legal costs' fine, which are estimated at a total of more than 8 billion US dollars. In court documents, the accused described these allegations as “exceeded” and indicated that evidence in the procedure would indicate that Facebook had set an external consulting firm to ensure compliance with the FTC agreement. They also stated that Facebook was a victim of Cambridge Analytica.

Meta, who is not a defendant in this case, rejected a statement. The company has invested billions of dollars to protect the privacy of users on its website since 2019.

The lawsuit is considered the first case in which the indictment due to board members could not intentionally not keep an eye on the company, an assertion that applies to the most difficult in Delaware corporate law.

In comparison, Boeing's board of directors, both active and earlier, similar cases with allegations due to surveillance injuries of $ 237.5 million, was the greatest agreement on such cases. The Boeing directors do not allow misconduct.

In addition to the allegations in connection with the privacy, the plaintiff Zuckerberg also accused the scandal of Cambridge Analytica that he would lower the company's share price and sell its Facebook shares and insert at least $ 1 billion.

The accused denied that Zuckerberg did not act on insider information and used a stock trading plan that lost control of the sale to prevent insider trading.

Judge McCormick is expected to decide on responsibility and compensation a few months after the process has expired.

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