Meta and company founder Mark Zuckerberg are being hit with a lawsuit over the allegation that executives and directors have failed to do enough to stop sex trafficking and child sexual exploitation on Facebook and Instagram.

The case is known as Employees’ Retirement System of the State of Rhode Island et al v Zuckerberg et al.

The lawsuit – filed by several pension and investment funds that own Meta stock – was made public late Monday, and claims that Meta’s leadership and board have failed to protect the company and shareholders’ interests.

They claim the company turned a blind eye to “systemic evidence” of criminal activity.

The lawsuit read in part that the board has failed to explain how it tries to root out the problem on its platforms, and “the only logical inference is that the board has consciously decided to permit Meta’s platforms to promote and facilitate sex/human trafficking.”

Meta rejected the concept behind the lawsuit, responding, “We prohibit human exploitation and child sexual exploitation in no uncertain terms. The claims in this lawsuit mischaracterize our efforts to combat this type of activity. Our goal is to prevent people who seek to exploit others from using our platform.”