A new Facebook lawsuit is making a buzz on the internet tonight, as Saint News reported this Monday, March 4, that the latest lawsuit toward the social media giant has now been filed by one of its shareholders.
With the headline, “New Facebook lawsuit: Shareholder alleges key information was withheld,” sources report that Gaye Jones, a social media site shareholder, is claiming that the directors of Facebook failed to disclose important information on lowered revenue trends in relation to mobile usage of the site. The new Facebook lawsuit intends to force the directors to pay the money they got through the IPO.
Other lawsuits in the same vein have been dismissed by courts in the past, and with the early stages made in this case, it remains unknown what may result. Mark Zuckerberg, the founder of Facebook, has been mentioned in the new Facebook lawsuit along with a few other key directors and IPO participants. Officially, this case has been named Gaye Jones vs. Mark Zuckerberg et al, of the Delaware Court of Chancery, No. 8375.
Facebook commenters have been mixed so far in their response to this latest lawsuit, though some have mentioned on the NY Daily News that “people will do anything they can nowadays to get some money off of a lawsuit, on FB or not.”