FILE PHOTO: Facebook logo is seen at a start-up companies gathering at Paris' Station F in Paris, France on January 17, 2017. REUTERS/Philippe Wojazer/File Photo
Facebook Inc and chief executive Mark Zuckerberg have reached a US$35mil (RM136.93mil) settlement of class-action litigation accusing them of hiding worries about the social media company's growth prior to its May 2012 initial public offering.
The settlement was filed on Monday in the federal court in Manhattan and won preliminary approval from US District Judge Robert Sweet.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
