Bloomberg Law
May 30, 2019, 11:53 PM

Facebook Ordered to Turn Over Privacy Records to Investors

Mike Leonard
Mike Leonard
Legal Intelligence Reporter

Facebook Inc. investors have won the right to inspect corporate records that could show what founder Mark Zuckerberg and other top brass knew, and when they knew it, about the privacy scandals rocking the company.

The shareholders established “a credible basis from which the court can infer that wrongdoing occurred at the board level in connection with the data privacy breaches,” a Delaware Chancery Court judge ruled May 30, the same day as the company’s annual shareholder meeting.

The investors will face an uphill climb if they eventually seek to blame oversight failures by Facebook executives for the social media ...

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