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Chancery Tosses Meta Activist Investor Suit Over Social Ills

By Dorothy Atkins (April 30, 2024, 10:35 PM EDT) -- A Delaware vice chancellor tossed a Meta activist investor's suit seeking to prioritize wider social impact over company profits, saying Delaware's single-firm corporate model assumes directors owe fiduciary duties to their company's stockholders, and there's no case law articulating that because it's "so basic," just as "fish don't talk about water."...

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