<i>In re Meta Platforms, Inc., Derivative Litigation</i>

Good Law
United States District Court, Northern District of CaliforniaMay 2, 20223:22-cv-00903California591 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 MARK SLOAN, Case No. 22-cv-00903-JST

Plaintiff,

ORDER VACATING HEARINGS;

v. ORDER TO SHOW CAUSE WHY

CASES SHOULD NOT BE

MARK ZUCKERBERG, et al., CONSOLIDATED AND STAYED Defendants. Re: ECF No. 18 HUGHES GERVAT, Case No. 22-cv-01206-JST

Plaintiff, Re: ECF No. 7 v.

MARK ZUCKERBERG, et al., Defendants. 17 Plaintiffs Mark Sloan and Hughes Gervat have filed shareholder derivative suits against Meta Platforms, Inc., formerly known as Facebook, Inc. They agree, as do Defendants, that their cases should be consolidated. Sloan ECF No. 15 at 3-4. They further agree that their allegations “overlap substantially” with the allegations in a securities class action that is also before this Court, Ohio Public Employees Retirement System v. Meta Platforms, Inc., Case No. 21-cv-08812- JST. Id. at 3. Proposed Intervenors Employees’…

Sign in to read the full opinion

Create a free account to read the complete opinion text, citation history, and good-law status for this case.