Menora Mivtachim Insurance Ltd. v. Meta Platforms, Inc.

NOT FOR PUBLICATION FILED

UNITED STATES COURT OF APPEALS FEB 24 2026

MOLLY C. DWYER, CLERK

U.S. COURT OF APPEALS

FOR THE NINTH CIRCUIT

MENORA MIVTACHIM INSURANCE No. 24-6218 LTD.; MENORA MIVTACHIM D.C. No. PENSIONS AND GEMEL LTD.; THE 4:22-cv-01470-YGR

PHOENIX INSURANCE

COMPANY; THE PHOENIX MEMORANDUM*

PROVIDENT PENSION FUND LTD.,

Plaintiffs - Appellants,

and

PLUMBERS AND STEAMFITTERS

LOCAL 60 PENSION TRUST, Individually and on Behalf of All Others Similarly Situated,

Plaintiff,

v.

META PLATFORMS, INC., formerly known as Facebook, Inc.; MARK

ZUCKERBERG; DAVID

WEHNER; SHERYL K.

SANDBERG; SUSAN LI,

Defendants - Appellees.

Appeal from the United States District Court

* This disposition is not appropriate for publication and is not precedent except as provided by Ninth Circuit Rule 36-3. for the Northern District of California Yvonne Gonzalez Rogers, District Judge, Presiding

Argued and Submitted January 6, 2026 San Francisco, California

Before: NGUYEN and BENNETT, Circuit Judges, and MATSUMOTO, District…