Mother of all lawsuits quietly filed last month vs Facebook in Delaware. Zuckerberg, Sandberg, CFO, board inc Peter Thiel and Palantir are defendants - it's a result of sealed docs between FB execs and board.Major new plaintiff allegations - many long concerning:1 FB spent billions to protect Zuckerberg personally2 claims "epic corporate governance breakdown"3 adds list of "insider trading" defendants4 documents Zuckerberg misled CongressIt's a whopping 390 pages and there is a related 220 page suit filed in same court on the same day. Together they bring the kitchen sink on allegations as to how the platform gained market power, failed its 2012 FTC Consent Decree, covered-up and failed to disclose data harms.
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