Delaware just passed a law this week that would shield tech billionaires Mark Zuckerberg and Elon Musk from an array of potential misconduct that could impact active litigation against them alleging theft from shareholders. The bill was crafted by Democratic Governor Matt Meyer’s office in direct consultation from Meta’s own legal team and a roster of corporate defense lawyers representing both billionaires, according to documents released last week by CNBC.
Those outside lawyers consulted by the Governor include an attorney at a firm that recently represented Meta in a Delaware court and Leon Strine, a former Delaware Supreme Court Justice who now works at a major defense side law firm Wachtell Lipton. The firm is currently defending Mark Zuckerberg against an ongoing shareholder lawsuit over an improper settlement Meta struck in 2019 regarding the Cambridge Analytica data breach.
