Sure, maybe laws were broken (and require a radical re-writing), but the plaintiffs probably don't have enough money to retain good representation long enough to keep the case moving past the defendants' imminent legal stalling. Freedom, bebe. And that's how to pronounce your username, in case anyone was wondering.
The plaintiffs have a lot of money. These are apparently giant pension funds, so they probably have hundreds of billions. What they're willing to settle at is a different matter, but hopefully their discovery will be noticed by criminal authorities. Remember folks, Martha Stewart spent like 6 months in jail for insider trading on like $50k, or approximately 0.0005% of what Zuck insider traded.
Yeah, the pension funds together have something on the order of $10 billion, but now I understand why that's irrelevant. It's times like these that I wished I had more capacity to signal boost the discovery info to increase the likelihood of criminal prosecution. Since this is a violation of federal law, does it have to be pursued by a federal or state-level prosecutor, or could I hire someone in the private sector to go after Zuck, F-book, and/or the FTC (if I had the money: I don't)? Sorry for my confusion, it's a mix of me being in a hurry earlier, generally ignorant of finance law, and unable to effectively google without legalese jargon know-how. And not wanting to spend hours poring over the law code. Definitely that last one.