Facebook is slapped with a shareholder lawsuit over its proposal to issue class C shares — Quartz

A Facebook investor has slapped the social network with a lawsuit in an attempt to halt a proposal to issue a new class of shares. Reuters reports that the proposed class-action lawsuit, filed in the Delaware Court of Chancery on April 29, says Facebook’s plan to amend its stock structure is unfair to shareholders and…

via Facebook is slapped with a shareholder lawsuit over its proposal to issue class C shares — Quartz