Facebook Tries To Ice Investor's Bid To See FTC Deal Records
Law360 (June 24, 2020, 5:29 PM EDT) -- An attorney for Facebook warned a Delaware vice chancellor Wednesday that corporate attorney-client privilege could suffer broadly if a pension fund investor gets access to withheld board documents and emails related to founder Mark Zuckerberg's avoidance of liability in a $5 billion privacy breach settlement with the Federal Trade Commission.
The prediction came during a Chancery Court trial on the fund's "books and records" action to support a possible suit over claims that Zuckerberg's exclusion from the fine was a massive, Facebook-approved personal benefit not shared with other stockholders, breaching directors and top officers' duty to the company.
Vice Chancellor Joseph R....
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