Facebook, Inc. IPO Securities and Derivative Litigation
Facebook, Inc. IPO Securities and Derivative Litigation
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Informations En Francais
Informations En Francais

The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Proposed Settlement and Plan of Allocation; (II) Settlement Fairness Hearing; and (III) Motion for an Award of Attorneys’ Fees and Litigation Expenses (the “Notice”), which you can access by clicking here.  Because this website is just a summary, you should review the Notice for additional details.

Lead Plaintiffs Arkansas Teacher Retirement System and Fresno County Employees’ Retirement Association, on behalf of themselves and the Court-certified Class, have reached a proposed settlement for a total of $35,000,000 in cash that, if approved, will resolve all claims in the Action (the “Settlement”).

If you are a member of the Class and have not previously sought exclusion from the Class in connection with the Class Notice that was previously mailed, your rights will be affected and you may be eligible for a payment from the Settlement, if it is approved.  The Class consists of the following two “Subclasses”:

     (i)           All institutional investors that purchased or otherwise acquired Facebook Class A common stock in or traceable to the Company’s IPO between May 17 and 21, 2012, inclusive, and were damaged thereby (the “Institutional Investor Subclass”); and

    (ii)        All retail investors who purchased or otherwise acquired Facebook Class A common stock in or traceable to the Company’s IPO between May 17 and 21, 2012, inclusive, and were damaged thereby (the “Retail Investor Subclass”).

For the full definition of the Class, including persons and entities excluded from the Class, please read the Notice. 

Please read the Notice to fully understand your rights and options.  Copies of the Notice and Claim Form can be found on the menu at the left of this page.

Des traductions en français de l'Avis de transaction (Notice) et du Formulaire de réclamation (Claim Form) sont disponibles sous le lien “Informations en français” dans le menu à gauche de cette page.

Payments to eligible claimants will be made only if the Court approves the Settlement and a plan of allocation, and only after any appeals are resolved, and after the completion of all claims processing.  Please be patient, as this process will take some time to complete.

IMPORTANT DATES

JULY 24, 2018

Claim Filing Deadline.  Claim Forms must be postmarked no later than July 24, 2018 to be eligible for a payment from the Settlement.

AUGUST 15, 2018

Objection Deadline.  Any objections to the proposed Settlement, the proposed Plan of Allocation, and/or the request for attorneys’ fees and litigation expenses, must be received no later than August 15, 2018, in accordance with the instructions in the Notice.

SEPTEMBER 5, 2018 AT 10:00 A.M.

The Settlement Hearing.  The Settlement Hearing will be held on September 5, 2018 at 10:00 a.m., before the Honorable Robert W. Sweet, in the United States District Court for the Southern District of New York, Daniel Patrick Moynihan United States Courthouse, 500 Pearl St., New York, NY 10007-1312, Courtroom 18C, to determine, among other things, whether the proposed Settlement is fair, reasonable and adequate and should be approved; whether the proposed Plan of Allocation is fair and reasonable and should be approved; and whether Lead Counsel’s motion for an award of attorneys’ fees and litigation expenses should be approved.

 

Please read the Notice carefully.  If you have questions, you may call the Facebook Securities Litigation Help Line at 866-963-9974 or email info@FacebookSecuritiesLitigation.com.  


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