An investigation on behalf of current long term investors in Meta Platforms, Inc. (NASDAQ:FB) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 03/08/2022 -- An investigation was announced for investors in shares of Meta Platforms, Inc. (NASDAQ: FB) concerning potential breaches of fiduciary duties by certain directors of Meta Platforms, Inc. f.k.a. Facebook.
Investors who are current long term investors in Meta Platforms, Inc. (NASDAQ: FB) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: FB stocks follows a lawsuit filed against Meta Platforms, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: FB stocks, concerns whether certain Meta Platforms, directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose, that Facebook misrepresented its user growth, that Facebook knew, or should have known, that duplicate accounts represented a greater portion of its growth than stated, and it should have provided more detailed disclosures as to the implication of duplicate accounts to Facebook's user base and growth, that Facebook did not provide a fair platform for speech, and regularly protected high profile users via its Cross Check/XCheck system, that despite being aware of their use of Facebook's platforms, the Company failed to respond meaningfully to drug cartels, human traffickers, and violent organizations, that Facebook has been working to attract preteens to its platform and services, and that as a result, Defendants' public statements were materially false and misleading at all relevant times.
Those who purchased shares of Meta Platforms, Inc. (NASDAQ: FB) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.