Facebook Investors Win Look At Some FTC Deal Records

Law360 (February 11, 2021, 10:36 PM EST) — A Delaware vice chancellor granted limited access Thursday to Facebook pension fund stockholders seeking documents related to founder Mark Zuckerberg’s avoidance of liability in a $5 billion privacy breach settlement with the Federal Trade Commission, saying the investors can see some nonprivileged communications but not those protected by attorney-client privilege.Vice Chancellor Joseph R. Slights III said in a 27-page opinion that the limited set of electronic files is “necessary and essential” to the Employees’ Retirement System of Rhode Island’s probe of whether or not Facebook overpaid in its deal with the FTC in order to protect Zuckerberg from substantial personal… 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!  » Read More