In re Facebook Inc. Derivative Litigation

CourtCourt of Chancery of Delaware
DecidedJanuary 21, 2025
DocketC.A. No. 2018-0307-JTL
StatusPublished

This text of In re Facebook Inc. Derivative Litigation (In re Facebook Inc. Derivative Litigation) is published on Counsel Stack Legal Research, covering Court of Chancery of Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re Facebook Inc. Derivative Litigation, (Del. Ct. App. 2025).

Opinion

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

IN RE FACEBOOK INC. DERIVATIVE ) CONSOLIDATED LITIGATION ) C.A. No. 2018-0307-JTL

MEMORANDUM OPINION IMPOSING SANCTIONS FOR SPOLIATION

Date Submitted: December 9, 2024 Date Decided: January 21, 2025

Justin O. Reliford, SCOTT+SCOTT, Wilmington, Delaware; Maxwell R. Huffman, SCOTT+SCOTT, San Diego, California; Donald A. Broggi, Jing-Li Yu, SCOTT+SCOTT, New York, New York; Geoffrey M. Johnson, SCOTT+SCOTT, Cleveland Heights, Ohio; Co-Lead Counsel and Counsel for Co-Lead Plaintiff City of Birmingham Retirement and Relief System.

Frederic S. Fox, Hae Sung Nam, Donald Hall, Aaron Schwartz, KAPLAN FOX & KILSHEIMER LLP, New York, New York; Co-Lead Counsel and Counsel for Co-Lead Plaintiff California State Teachers’ Retirement System and for Plaintiff Firemen’s Retirement System of St. Louis.

Kevin H. Davenport, Samuel L. Closic, John G. Day, Stacey A. Greenspan, David C. Skoranski, Kirsten M. Valania, Seth T. Ford, PRICKETT, JONES & ELLIOTT, P.A., Wilmington, Delaware; Co-Lead Counsel and Counsel to Co-Lead Plaintiffs Construction and General Building Laborers’ Local Union No. 79 General Fund and City of Birmingham Retirement and Relief System and to Plaintiff Lidia Levy.

Frank R. Schirripa, Daniel B. Rehns, Kurt M. Huciker, Kathryn A. Hettler, Scott R. Jacobsen, HACH ROSE SCHIRRIPA & CHEVERIE LLP, New York, New York, Co- Chair of Executive Committee of Plaintiffs’ Counsel and Counsel to Co-Lead Plaintiff Construction and General Building Laborers’ Local Union No. 79 General Fund, and Additional Counsel to Plaintiffs.

Thaddeus J. Weaver, DILWORTH PAXSON LLP, Wilmington, Delaware; Co-Chair of Executive Committee of Plaintiffs’ Counsel and Counsel to Plaintiff Karen Sbriglio and Additional Plaintiffs.

Catherine Pratsinakis, DILWORTH PAXSON LLP, Philadelphia, Pennsylvania; Co- Chair of Executive Committee of Plaintiffs’ Counsel and Counsel to Plaintiff Karen Sbriglio.

Thomas J. McKenna, Gregory M. Egleston, GAINEY McKENNA & EGLESTON, New York, New York; Executive Committee of Plaintiffs’ Counsel and Additional Counsel for Plaintiffs. Peter B. Andrews, Craig J. Springer, David M. Sborz, Jacob D. Jeifa Esq., ANDREWS & SPRINGER, Wilmington, Delaware; Brian J. Robbins, Stephen J. Oddo, Gregory E. Del Gaizo, ROBBINS LLP, San Diego, California; Joseph W. Cotchett, Mark Molumphy, Tyson Redenbarger, Gia Jung, COCHETT PITRE & McCARTHY LLP, Burlingame, California; Joseph J. Tabacco, Jr., Daniel E. Barenbaum’ BERMAN TABACCO, San Francisco, California; Executive Committee of Plaintiffs’ Counsel and Additional Counsel for Plaintiffs.

Kevin R. Shannon, Berton W. Ashman, Jr., Callan R. Jackson, Justin T. Hymes, POTTER ANDERSON & CORROON LLP, Wilmington, Delaware; William Savitt, Ryan McLeod, Anitha Reddy, Stephen D. Levandoski, Iliria Camaj, Tobias Kuehne, WACHTELL, LIPTON, ROSEN & KATZ, New York, New York; Attorneys for Defendants Mark Zuckerberg, Sheryl K. Sandberg, Kostantinos Papamiltiadis, Jeffrey D. Zients, Peggy Alford, Kenneth I. Chenault, Peter A. Thiel, Susan D. Desmond- Hellmann, Reed Hastings, Marc L. Andreessen, and Erskine B. Bowles.1

LASTER, V.C.

1 Sixteen law firms signed the latest joint stipulation governing the case schedule. See Dkt. 505. Even more law firms have entered appearances. The counsel listed here are the counsel appearing in the signature blocks of the filings related to the spoliation motion. The plaintiffs moved for sanctions against two individual defendants who

failed to preserve electronically stored information (“ESI”). The plaintiffs succeeded

against the defendant who was a C-suite officer and director. The plaintiffs failed

against the defendant who was an outside director.

As a sanction, the officer defendant will only be able to prevail on any issue

where she bears the burden of proof if she can carry her burden by clear and

convincing evidence. The officer defendant also must pay the expenses plaintiffs

incurred pursuing sanctions.2

I. FACTUAL BACKGROUND

The facts are drawn from the parties’ submissions in connection with the

motion seeking sanctions.3 The court has also considered other documents of record

2 The term “expenses” refers collectively both to attorneys’ fees and amounts

paid out of pocket that might be referred to more traditionally and colloquially as expenses. This is how Section 145 of the Delaware General Corporation Law deploys the term. See, e.g., 8 Del C. § 145(a) (authorizing a corporation in a proceeding other than one brought by or in the right of the corporation to provide indemnification “against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred”); id. § 145(b) (authorizing a corporation in a proceeding brought by or in the right of the corporation to provide indemnification “against expenses (including attorneys’ fees) actually and reasonably incurred”); id. § 145(c) (mandating corporation to indemnify a director or officer who was successful on the merits or otherwise in defending a proceeding “against expenses (including attorneys’ fees) actually and reasonably incurred”). The out-of-pocket expenses encompassed by Section 145 are broader than the restricted concept of “costs” in the statute that authorizes the recovery of court costs in the Court of Chancery. See 10 Del. C. § 5106; Scion Breckenridge Managing Member, LLC v. ASB Allegiance Real Estate Fund, 68 A.3d 665, 686–88 (Del. 2013).

3 Citations in the form “Compl. ¶ ____” refer to the paragraphs of the operative

complaint. Citations in the form “Mot. ¶ ____” refer to paragraphs of Plaintiff’s Motion for Curative Relief And Sanctions Against Defendants Sheryl Sandberg and Jeffrey and matters suitable for judicial notice. What follows are not formal factual findings,

but rather how the record appears at this stage of the case.

A. The Consent Order

In 2011, the Federal Trade Commission filed an eight-count complaint against

Meta Platforms, Inc. (“Meta” or the “Company”), a Delaware corporation. The

Company owns and operates social media platforms including Facebook, Messenger,

WhatsApp, and Instagram.

The FTC alleged that since 2007, the Company allowed third parties to

develop, run, and operate applications on the Facebook platform that enabled third

parties to obtain personal information about Facebook users. The complaint

explained that the Company generated revenue from the third-party developers. The

complaint charged that the Company had “deceived consumers by telling them they

could keep their information on Facebook private, and then repeatedly allowing it be

shared and made public.”4

Zients. Citations in the form “DOB ¶ ____” refer to paragraphs of Defendants’ Opposition To Plaintiffs’ Motion For Curative Relief And Sanctions Against Sheryl Sandberg And Jeffrey Zients, and citations in the form “Readinger Aff. ¶ ____” refer to paragraphs in the Affidavit of Laura G. Readinger in support of that brief. Citations in the form “PRB at ____” refer to the Plaintiffs’ Reply Brief in support of their motion, and citations in the form “Huffman Aff. ¶ ____” refer to paragraphs in Affidavit of Maxwell R. Huffman in support of their reply. Citations in the form “Ex. [number] at ____” refer to plaintiffs’ exhibits submitted in connection with their motion and reply brief.

4 Compl. ¶ 81 (internal quotations marks omitted).

2 On July 27, 2012, the Company settled the charges by entering into a consent

decree (the “Consent Order”).

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Bluebook (online)
In re Facebook Inc. Derivative Litigation, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-facebook-inc-derivative-litigation-delch-2025.