Facebook Hit With Lawsuit Over Plan to Issue New Stock by REUTERS


By REUTERS

A Facebook Inc shareholder filed a proposed class action lawsuit on Friday in a bid to stop the company’s plan to issue new Class C stock, calling the move an unfair deal to entrench Chief Executive Mark Zuckerberg as controlling shareholder.

Published: April 29, 2016 at 01:56PM

from NYT Business Day http://ift.tt/1VXPOqZ

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