Meta Platforms Inc. investors say they have reached a settlement with current and former directors at the company to end a multibillion-dollar case in Delaware.

The FTC fined Facebook $5 billion in the wake of the Cambridge Analytica scandal, saying the company had violated a 2012 agreement with the FTC to protect user data. That same year, Facebook reached a $100 million settlement with the U.S. Securities and Exchange Commission for misleading investors.

Meta Platforms is facing a legal challenge as shareholders accuse the board of inadequate oversight related to privacy violations. The case stems from the infamous Cambridge Analytica data breach. The defendants,

Facebook founder Mark Zuckerberg is urging a judge to keep a lid on the details of his stock trading plans ahead of a landmark trial set to open Wednesday over the Cambridge Analytica data scandal.