UNITED FOOD AND COMMERCIAL WORKERS UNION and Participating Food Industry Employers Tri-State Pension Fund, Plaintiff,
v.
Mark ZUCKERBERG, Marc Andreessen, Peter Thiel, Reed Hastings, Erskine B. Bowles, and Susan D. Desmond-Hellmann, Defendants, and
Facebook, Inc., Nominal Defendant.
Court of Chancery of Delaware.https://leagle.com/images/logo.png
Date Submitted: July 29, 2020.
Date Decided: October 26, 2020.
Attorney(s) appearing for the Case
P. Bradford deLeeuw , DELEEUW LAW LLC, Wilmington, Delaware; Robert C. Schubert , SCHUBERT JONCKHEER & KOLBE LLP, San Francisco, California; James E. Miller , SHEPHERD FINKELMAN MILLER & SHAH, LLP, Chester, Connecticut; Attorneys for Plaintiff.
Defendant Mark Zuckerberg is the founder, CEO, chairman of the board, and controlling stockholder of nominal defendant Facebook, Inc. At Zuckerberg's request, the Facebook board of directors (the "Board") pursued a reclassification of Facebook's shares. The transaction...
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