Mark Zuckerberg and Facebook’s billionaire board members have been spared from testifying after clinching a settlement with Meta shareholders in an $8 billion lawsuit over privacy violations, a lawyer for the shareholders said Thursday.

Mark Zuckerberg and Meta have agreed to settle a multibillion dollar lawsuit with shareholders over how the top executives handled repeated privacy violations by Facebook, US media report.

The suit was filed by Meta's investors and shareholders seeking up to $8B in damages, including fines of $5B by the Federal Trade Commission, after finding that the defunct political consulting firm a...