Facebook is facing a lawsuit after the decision of new shares to shareholders version
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Provide shareholder in Facebook Inc. on Friday, claiming collective proposed in an attempt to halt the company's plan for the new shares from the issuance of the third category, describing the move as unfair deal to entrench the dominance of CEO Mark Zuckerberg on the company.
The lawsuit was submitted to the Supreme Court of Delaware in the United States after Facebook statement on Wednesday reported financial results for the first of the year for the quarter, which included talk of a plan to issue this type of stock.
He was Mark Zuckerberg announced in December / December last year that he intended to put 99% of his shares in Facebook in a new charity project with a focus on human potential and equality.
The lawsuit alleges that the Commission for the Council of Facebook administration, which approved the new stock agreement "did not Taatsawm seriously" with Zuckerberg "for anything of value" in return for granting additional Zuckerberg's control.
The Facebook has announced in a statement that the plan "is in the interest of the company and all shareholders." She added that Zuckerberg keep on top of the company is the key to success in the future.
Facebook plans to create a new class of shares include stock dividends public but have no right to vote on company decisions. It also plans to issue two shares of which know each outstanding Class C shares of the first and second categories owned by shareholders, to include those new shares of Class C stock dividends General under the new code.
Word in the collective lawsuit that Zuckerberg "wants to retain this power, while it will sell a significant amount of its shares, and reap billions of dollars in revenue."
It is noteworthy that Google Inc. had settled the lawsuit in 2013 ahead of the trial, which paved the way for the company to implement a similar plan.
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