UNITED FOOD AND COMMERCIAL WORKERS UNION AND PARTICIPATING FOOD INDUSTRY EMPLOYERS TRI-STATE PENSION FUND, Plaintiff-Below, Appellant,
v.
Mark ZUCKERBERG, Marc Andreessen, Peter Thiel, Reed Hastings, Erskine B. Bowles, and Susan D. Desmond-Hellmann, Defendants-Below, Appellees and
Facebook, Inc., Nominal Defendant-Below, Appellee.
Supreme Court of Delaware.https://leagle.com/images/logo.png
Before SEITZ, Chief Justice; VALIHURA, VAUGHN, TRAYNOR, and MONTGOMERY-REEVES, Justices, constituting the Court en banc.
MONTGOMERY-REEVES, Justice:
In 2016, the board of directors of Facebook, Inc. ("Facebook") voted in favor of a stock reclassification (the "Reclassification") that would allow Mark Zuckerberg —Facebook's controller, chairman, and chief executive officer—to sell most of his Facebook stock while maintaining voting control of the company...
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