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Facebook lawyer says stock trial canceled, but no settlement
September 22, 2017 / 7:55 PM / 3 months ago

Facebook lawyer says stock trial canceled, but no settlement

WILMINGTON, Del. (Reuters) - Facebook Inc’s trial over a shareholder lawsuit opposing the company’s plans to issue class C stock has not be settled, according to a Friday letter from a Facebook attorney to the Delaware Court of Chancery.

The Delaware court said on Friday the trial had been canceled. Facebook founder Mark Zuckerberg was scheduled to testify at the trial, which had been due to kick off on Tuesday.

Reporting by Tom Hals; Editing by Sandra Maler

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