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Ocegueda v. Zuckerberg et al
Case Number:
3:20-cv-04444
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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March 22, 2021
Facebook Beats Derivative Suit Over Board Diversity, For Now
A California federal magistrate judge on Friday granted Facebook's bid to ax a shareholder derivative action alleging the technology giant's lack of diversity caused its stock price to fall, saying the shareholder offers only conclusory allegations that fail to establish causation while presenting inaccurate facts about the board's composition.
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March 18, 2021
Facebook Judge Says Investor Suit Misstates Board Diversity
A California federal magistrate judge indicated during a hearing Thursday that she intends to toss a shareholder suit alleging the lack of diversity on Facebook's board caused its stock price to fall, saying the investor's claim that there are no Black board members is incorrect.
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October 06, 2020
Facebook Rips 'Crass' Investor Suit Over Worker Diversity
Facebook slammed an investor's proposed derivative action alleging diversity shortcomings led its stock to drop, telling a California federal court Monday its board isn't liable for an employee walkout or advertiser exodus after it decided not to censor President Donald Trump's May post seemingly calling for violence against Black Lives Matter protesters.
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July 06, 2020
Investor Sues Facebook After Trump Post Spurs Ad Boycott
A Facebook Inc. investor is demanding sweeping changes at the social media giant, including the removal of Mark Zuckerberg as board chairman, over a "failure to curtail hate speech" that led to an employee walkout and advertiser exodus.