Facebook has settled the lawsuit over non-voting shares days before Mark Zuckerberg was scheduled to testify
Advertisement
REUTERS/Stephen Lam
Facebook Founder and CEO Mark Zuckerberg
Advertisement
The settlement means that Facebook CEO Mark Zuckerberg and other Facebook insiders will not take the witness stand in the closely-watched trial.
Zuckerberg was scheduled to publicly testify in Delaware Chancery court on September 26.
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
"The Facebook trial, which was scheduled to begin on September 26, 2017 is cancelled due to a settlement," the official said by email.
This story is developing...
Advertisement
Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!
Next StoryAdvertisement
Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
Axis Bank posts net profit of ₹7,129 cr in March quarter
7 Best tourist places to visit in Rishikesh in 2024
From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
7 Things to do on your next trip to Rishikesh
