Andrew S. Love , Robbins Geller Rudman & Dowd LLP, San Francisco, CA, (with Joseph David Daley , Robbins Geller Rudman & Dowd LLP, San Francisco, CA, Samuel H. Rudman , Robbins Geller Rudman & Dowd LLP, Melville, New York, and Paul A. Fioravanti, Jr. , Prickett, Jones & Elliott, P.A., Wilmington, DE, on the brief) for Appellants Gaye Jones and Holly McConnaughey.
Brian P. Murray , Glancy Binkow & Goldberg LLP, New York, New York (with Gregory B. Linkh , Glancy Binkow & Goldberg LLP, New York, New York, Mark R. Rosen , Barrack, Rodos & Bacine, Philadelphia, PA, Fred T. Isquith , Wolf Haldenstein Adler Freeman & Herz LLP, New York, New York, and Richard S. Wayne , Strauss & Troy, Cincinnati, OH, on the brief) for Appellant Robert Crocitto.
Andrew B. Clubok , Kirkland & Ellis LLP, New York, New York (with Brant W. Bishop, P.C., Kirkland & Ellis LLP, New York, New York, Susan E. Engel , Kellen S. Dwyer , Kirkland & Ellis LLP, Washington, D.C., Richard D. Bernstein , Elizabeth J. Bower , Willkie Farr & Gallagher LLP, Washington, D.C., and Tariq Mundiya , Todd G. Cosenza and Sameer Advani , Willkie Farr & Gallagher LLP, New York, New York, on the brief), for Appellee-Cross-Appellant Facebook, Inc. and Appellees Marc. L. Andreessen, Erskine B. Bowles, James W. Breyer, David A. Ebersman, Donald E. Graham, Reed Hastings, Peter A. Thiel, Mark E. Zuckerberg, Sheryl Sandberg, Cipora Herman, David Spillane, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Goldman, Sachs & Co.
These in tandem appeals arise from related suits brought in the aftermath of the initial public offering by nominal defendant Facebook, Inc. ("Facebook"), the world's largest social media company. In these putative shareholder derivative actions, plaintiffs allege that Facebook's directors breached duties owed to the...
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