Meta shareholders sue Zuckerberg to block his non-voting share plan
Pension funds affiliated with Steamfitters Local 449 filed the suit in Delaware Court of Chancery on October 27, seeking to prevent Meta from implementing non-voting share classes that would further concentrate Zuckerberg's control. The legal challenge raises questions about shareholder rights and governance structure at the social media giant.
Key points
- Pension funds sued Meta's board to block non-voting share proposal
- Filed in Delaware Court of Chancery on October 27
- Challenges Zuckerberg's control concentration at Meta
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