Del. Facebook Stockholder Suits Edge Toward Consolidation

Law360 (June 8, 2021, 8:30 PM EDT) -- Delaware's Chancery Court could consider by mid-September leadership and consolidation of Facebook stockholder class complaints targeting the social media company's Cambridge Analytica data harvesting scandal and founder Mark Zuckerberg's avoidance of liability in a $5 billion government sanction, a vice chancellor said Tuesday.

The focusing effort still faces some hurdles, however, including the possibility of additional investor actions and a potential dispute over stockholder access to confidential Facebook in-house counsel documents.

Although Vice Chancellor Joseph R Slights III did not elaborate during a case status conference held via Zoom, he said that targets of stockholder document production requests had included "someone...

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