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Chancery Tosses Suit Over Facebook Stock-Shuffle Plan

By Rose Krebs (October 26, 2020, 6:57 PM EDT) -- A Delaware vice chancellor on Monday tossed a derivative lawsuit against current and former directors of Facebook and CEO Mark Zuckerberg seeking at least $95 million in damages related to an abandoned stock reclassification plan allegedly driven by Zuckerberg's personal philanthropic agenda, finding an investor didn't first ask the company to consider filing suit....

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