Facebook drops Class C plan: shareholder attorney

Facebook drops Class C plan: shareholder attorney

7 years ago
Anonymous $wKBR2uNMvM

https://www.reuters.com/article/us-facebook-stock-trial/facebook-drops-class-c-plan-shareholder-attorney-idUSKCN1BX2PA

Facebook Inc has dropped its plan to issue Class C stock, according to an attorney who sued the company on behalf of a Facebook shareholder because the plan would have allegedly extended founder Mark Zuckerberg's control over the company.

Facebook drops Class C plan: shareholder attorney

Sep 22, 2017, 9:31pm UTC
https://www.reuters.com/article/us-facebook-stock-trial/facebook-drops-class-c-plan-shareholder-attorney-idUSKCN1BX2PA >Facebook Inc has dropped its plan to issue Class C stock, according to an attorney who sued the company on behalf of a Facebook shareholder because the plan would have allegedly extended founder Mark Zuckerberg's control over the company.