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Facebook Inc. has scrapped a plan to reform its stock structure in a way that would have given Mark Zuckerberg more control over the company, avoiding a trial in a shareholder lawsuit that aimed to put the social network’s CEO on the stand this week.
Tom McParland of Delaware Law Weekly can be contacted at 215-557-2485 or at firstname.lastname@example.org. Follow him on Twitter @TMcParlandTLI.