Court of Chancery of Delaware.https://leagle.com/images/logo.png
Submitted: March 7, 2019.
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.
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...
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