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Did Facebook overpay in privacy settlement to protect Zuckerberg?

According to Reuters, Facebook Inc may have paid $4.9 billion more than the maximum penalty it faced under a settlement agreement with regulators related to allegations it mishandled user privacy, according to a recent court ruling.

The U.S. court cited a paper by Gibson Dunn attorneys when directing Facebook to turn over documents to shareholders who are trying to determine if Facebook overpaid to protect Zuckerberg.

“The documents already produced provide no insight into why Facebook would pay more than its (apparently) maximum exposure to settle a claim,” said the court.


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