Governance & Derivative

Facebook, Inc. (NasdaqGS: FB)

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Facebook, Inc. (NasdaqGS: FB).

On September 13, 2021, The Wall Street Journal reported that the Company utilizes a social media monitoring system, purportedly to act as a quality control measure, but in reality, operated as a “whitelist” that “shields millions of VIPs from the company’s normal enforcement” procedures allowing high-profile users to make harassing and abusive postings on the social network without penalty.

KSF’s investigation is focusing on whether Facebook’s officers and/or directors breached their fiduciary duties to Facebook’s shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Facebook shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or fill out the form on this page.