IN RE FACEBOOK, INC. SECTION 220 LITIGATION

Consolidated C.A. No. 2018-0661-JRS.

IN RE FACEBOOK, INC. SECTION 220 LITIGATION.

Court of Chancery of Delaware.

Decided: May 30, 2019.


Attorney(s) appearing for the Case

Samuel L. Closic Esquire , of Prickett, Jones & Elliott, P.A., Wilmington, Delaware and Frank R. Schirripa Esquire , and Daniel B. Rehns Esquire , of Hach Rose Schirripa & Cheverie LLP, New York, New York, Attorneys for Plaintiff Construction and General Building Laborers' Local Union No. 79 General Fund and Co-Lead Counsel.

Peter B. Andrews, Esquire , Craig J. Springer Esquire , and David M. Sborz Esquire , of Andrews & Springer, LLC, Wilmington, Delaware; Geoffrey M. Johnson Esquire , of Scott+Scott Attorneys At Law LLP, Cleveland Heights, Ohio; and Donald A. Broggi, Esquire , Scott R. Jacobsen Esquire , and Jing-Li Yu Esquire , of Scott+Scott Attorneys At Law LLP, New York, New York, Attorneys for Plaintiff City of Birmingham Relief and Retirement System and Additional Counsel for Plaintiffs.

Ryan M. Ernst Esquire , of O'Kelly Ernst & Joyce, LLC, Wilmington, Delaware and Thomas J. McKenna Esquire , and Gregory M. Egleston Esquire , of Gainey McKenna & Egleston, New York, New York, Attorneys for Plaintiff Lidia Levy and Additional Counsel for Plaintiffs.

David E. Ross Esquire , and R. Garrett Rice Esquire , of Ross Aronstam & Moritz LLP, Wilmington, Delaware; Orin Snyder Esquire , of Gibson, Dunn & Crutcher LLP, New York, New York; Kristin A. Linsley Esquire , and Brian M. Lutz Esquire , of Gibson, Dunn & Crutcher LLP, San Francisco, California; Paul J. Collins Esquire , of Gibson, Dunn & Crutcher LLP, Palo Alto, California; and Joshua S. Lipshutz Esquire , of Gibson, Dunn & Crutcher LLP, Washington, D.C., Attorneys for Defendant Facebook, Inc.


MEMORANDUM OPINION

In July 2018, Facebook, Inc. ("Facebook" or the "Company") experienced one of the sharpest single-day market value declines in history when its stock price dropped 19%, wiping out approximately $120 billion of shareholder wealth. This unprecedented misfortune followed news reports that, in 2015...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases