Facebook, Inc.

Employees’ Retirement System of Rhode Island v. Facebook, Inc., C.A. No. 2020-0085 (Del. Ch.)

Block & Leviton represents the Employees’ Retirement System of Rhode Island, the state pension fund for Rhode Island in this action seeking books and records from Facebook, Inc.

Block & Leviton’s investigation is focused on Facebook’s agreement to pay a $5 billion fine to the Federal Trade Commission as part of a settlement that released Mark Zuckerberg (Facebook’s founder, CEO, and controlling stockholder) from any personal liability. The Court held a one-day trial in late June 2020. In February 2021, it entered a post-trial opinion that ordered Facebook to produce additional documents to Rhode Island.

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