Facebook To Pay $69M In Atty Fees For Mooted Stock Suit

Law360 (October 24, 2018, 7:56 PM EDT) -- Facebook Inc. has agreed to shell out nearly $69 million in attorneys' fees in a mooted shareholder lawsuit over a nixed plan to reclassify the company's stock, according to a deal reached Wednesday in Delaware Chancery Court.

The deal ends a battle over fees that dragged on well after the suit itself ended last year, but amounts to only around half of what the shareholders suing the social media giant initially asked for. The shareholder group — represented by Grant & Eisenhofer PA, Kessler Topaz Meltzer & Check LLP and Prickett Jones & Elliott PA — aimed in part to keep Facebook...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS