Facebook CEO Mark Zuckerberg accused of insider trading

MENLO PARK, Calif. (KGO) -- CEO Mark Zuckerberg and other top Facebook executives have been hit with a complaint accusing them of insider trading.

The suit also blames them for the privacy scandals that have rocked Facebook and its stock value since 2016.

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The shareholder complaint was filed today in Delaware. It also names Facebook Chief Operating Officer Sheryl Sandberg and four other Facebook board members, including PayPal founder Peter Thiel.

A Facebook spokesperson issued a statement that the "lawsuit is without merit."

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