Meta shareholders sue Zuckerberg to block his non-voting share plan
The Next Web
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Meta shareholders have filed a class action lawsuit against Mark Zuckerberg and Meta's board to block a plan creating non-voting Class C shares, which would dilute voting power and allow Zuckerberg to pay a proposed California wealth tax. The lawsuit alleges Zuckerberg pressured the board and breached his fiduciary duties, with the plan set to take effect in January 2027.
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