Mark Zuckerberg will testify in lawsuit board Facebook
Facebook-ceo Mark Zuckerberg is going to testify in a lawsuit against the directors of Facebook. The case revolves around possible conflicts of interest of venture capitalist Marc Andreessen during negotiations with Zuckerberg.
Zuckerberg must be on september 26 to appear as a witness, reports Business Insider. The case was in april brought by including private investors and pension funds.
Andreessen acted as the representative of kleinaandeelhouders when Zuckerberg an agreement was trying to achieve on a new role at Facebook. Zuckerberg wanted to 99 percent of the shares of Facebook and sell the proceeds to charity.
The sale would Zuckerberg, however, have voting rights in the company losses. He asked the shareholders whether he is the right to vote should be retained, where the investors, after negotiations, agree went.
During the discussions about the new position of Zuckerberg would Andreessen, however, information have passed to Zuckerberg, making the bargaining power of Zuckerberg was strengthened. So he ordered the Facebook CEO to know what the shareholders thought about his plan. In addition, he helped Zuckerberg in the form of views in the negotiations.
In the case will also have such other officers as witnesses, including Peter Thiel and Erskine Bowles. The day on which Zuckerberg must testify is also equal to the first date on which the case in the court.