Levi & Korsinsky has commenced an action against Facebook, Inc. (NASDAQ: FB) concerning alleged breaches of fiduciary duty. The investigation concerns the Company’s creation of Class C shares that will not have voting rights. Facebook has acknowledged that these shares were issued so that founder and CEO Mark Zuckerberg can maintain his majority control over the Company and so that the Company can make stock-based acquisitions and grant equity awards without affecting his voting control.
To get more information regarding the investigation of Facebook, Inc., without cost or obligation, please call us at 415-373-1671 or complete our contact form.
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