A Delaware Chancery Court judge has ordered Facebook Inc. to turn over a trove of company records to investors seeking to investigate potential wrongdoing related to the company’s alleged mishandling of user data, which has resulted in multiple privacy scandals and contributed to a historic loss in the social network’s market value.

Vice Chancellor Joseph R. Slights III on Friday said that the books-and-records lawsuit, filed last year by a New York-based pension fund, had produced at least “some evidence” that the company’s board and senior management had knowingly placed users’ information at risk and failed to comply with a 2011 consent decree mandating that better protect the data.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]