Zuckerberg, who co-founded FACEBOOK and has headed its board since 2012, controls more than 50 per cent of Facebook's voting shares and "maintains an unparalleled level of control over the operations of Facebook as it has grown into the largest social media company in the world," the lawsuit said.
The social network giant has nearly 3 billion users worldwide.
Meta has a market value of over $500 billion.
Racine is seeking damages and penalties from Zuckerberg as may be determined in a trial.
Meta Platforms spokesman Andy Stone declined to comment.
META, the parent of Facebook, Instagram and WhatsApp, is based in Menlo Park, California.

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