⚖️ DE Chancery Court Remember when Zuck was "being convinced" to let Meta stay in Delaware and that old lawsuit got settled? Well, not sure he has no regrets now: Meta shareholders (Steamfitters Local 449 Pension Fund; Steamfitters Local 449 Retirement Security Fund; Bruce Taylor and Ronald Mumme; Grok tells me that all of these hold together less than 0.1% of outstanding shares) sued in the Chancery Court to stop a plan creating new non-voting Class C shares that every stockholder would receive. The plan would let Mark Zuckerberg sell roughly $24 billion worth of stock right away (and more over time) to cover a possible California wealth tax without giving up his roughly 60% voting control of Meta.⁠ The investors say Zuckerberg pressured Meta’s board to approve the structure so he could cash out while keeping power; they want a judge to block it before the new shares start trading in January 2027. Well, well, well ...