Facebook, Inc. IPO Securities and Derivative Litigation

***IMPORTANT CASE UPDATE***

On September 15, 2021, the Claims Administrator conducted the initial distribution of settlement funds to eligible claimants, as approved by the order of the Court. Please address any questions regarding your payment to the Claims Administrator.

Update: As approved by the Court’s Distribution Order, initial payments were sent to Authorized Claimants in this matter in October 2021.
Subsequent distributions will occur on a rolling basis.

The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Proposed Settlement and Plan of Allocation; (II) Settlement Fairness Hearing; and (III) Motion for an Award of Attorneys’ Fees and Litigation Expenses (the “Notice”), which you can access by clicking here. Because this website is just a summary, you should review the Notice for additional details.

Lead Plaintiffs Arkansas Teacher Retirement System and Fresno County Employees’ Retirement Association, on behalf of themselves and the Court-certified Class, have reached a settlement for a total of $35,000,000 in cash that resolves all claims in the Action (the “Settlement”).

IMPORTANT DATES & DEADLINES

FILING DEADLINE:

The deadline to submit a claim has passed.

EXCLUDE YOURSELF:

The deadline to exclude yourself from the Settlement has passed.

OBJECT:

The deadline to object to the Settlement has passed.

The Court held a hearing on September 5, 2018 to consider whether the Settlement should be approved and related matters. On November 26, 2018, the Court entered an opinion granting Lead Plaintiffs’ motion for final approval of the Settlement and approval of the proposed Plan of Allocation and Lead Counsel’s motion for attorneys’ fees and expenses. The Court also entered a Judgment Approving Class Action Settlement, an Order Approving the Plan of Allocation of Net Settlement Fund, and an Order Awarding Attorneys' Fees and Expenses. On December 21, 2018, an individual Class Member who had objected to the approval of the Settlement filed an appeal from the Court’s order approving the Settlement. On September 23, 2020, the U.S. Court of Appeals for the Second Circuit entered an order affirming the approval of the Settlement.

If you are a member of the Class, your rights are affected by the Settlement. The Class consists of the following two “Subclasses”:

(i) All institutional investors that purchased or otherwise acquired Facebook Class A common stock in or traceable to the Company’s IPO between May 17 and 21, 2012, inclusive, and were damaged thereby (the “Institutional Investor Subclass”); and

(ii) All retail investors who purchased or otherwise acquired Facebook Class A common stock in or traceable to the Company’s IPO between May 17 and 21, 2012, inclusive, and were damaged thereby (the “Retail Investor Subclass”).

For the full definition of the Class, including persons and entities excluded from the Class, please read the Notice.

Please read the Notice to fully understand your rights. A copy of the Notice can be found on the menu at the left of this page.

Une traduction en français de l'Avis de transaction (Notice) est disponible sous le lien “Informations en français” dans le menu à gauche de cette page.

Please read the Notice carefully. If you have questions, you may call the Facebook Securities Litigation Help Line at 866-963-9974 or email info@FacebookSecuritiesLitigation.com.