Delaware Court Of Chancery

  • Facebook Faces Class-Action Over Proposal to Create New Stock Class

    … that if its proposal is approved, it will issue two class-C shares as a one-time dividend for each outstanding class-A and class-B share of common stock. The proposal will be voted on at Facebook’s 2016 annual meeting, scheduled for June 20. Reuters reported that a Facebook shareholder filed a proposed class-action lawsuit in the Delaware Court…

    David Cohen/ AllFacebookin Facebook- 18 readers -
Get the top posts daily into your mailbox!