Zuckerberg, Thiel Sued Over Facebook’s $5 Billion FTC Fine (1)

A pension fund sued Facebook Inc. founder Mark Zuckerberg and other senior leaders in Delaware, claiming they had the tech giant overpay the Federal Trade Commission by billions to keep Zuckerberg out of personal trouble over the Cambridge Analytica data scandal.

In addition to CEO Zuckerberg, the lawsuit targets chief operating officer Sheryl Sandberg, and two influential board members, Marc Andreessen and Peter Thiel. Andreessen and Thiel are leading Silicon Valley venture capitalists who were early Facebook investors.

The partly redacted derivative lawsuit, made public Aug. 6 in Delaware Chancery Court, accuses them of agreeing to a $5 billion FTC ...