Eisner

Eisner v. Meta Platforms, Inc.

Good Law
United States District Court, Northern District of CaliforniaJune 28, 20243:24-cv-02175California4,583 words

Opinion

Trial Court Opinion

I. BACKGROUND

24 Plaintiff is a current shareholder of Meta Platforms, Inc., a publicly traded 25 company. Id. Meta owns the popular social media platforms Facebook and Instagram. Id.

27 1 Plaintiff’s request to postpone Meta’s annual shareholder meeting is moot because the meeting at 1. Earlier this year, Meta filed its Proxy Statement with the Securities Exchange Commission to provide certain information to its shareholders in advance of its annual shareholder meeting scheduled for May 29, 2024. Opp’n (dkt. 31) at 2. The Proxy Statement contained two shareholder proposals related to the issue of child exploitation on Meta’s platforms: • Proposal 11 requested that Meta’s Board of Directors (the “Board”) adopt child safety or harm reduction performance targets and publish an annual report to assess whether Meta has improved its safeguarding of children on its platforms. Id. • Proposal 12 requested that the Board commission a third-party report to assess the risks and benefits of enacting a higher minimum user age on Meta’s platforms. Id. The Proposal also sought an advisory shareholder vote on…

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