The claim, documented in the Delaware Court of Chancery, took after the long range interpersonal communication organization's declaration on Wednesday of its arrangement to issue the shares.
The rejiggering of Facebook's offer structure is successfully a 3-for-1 stock split. Zuckerberg's said in December that he means to put 99 percent of his Facebook offers into another magnanimity venture focussing on human potential and uniformity.
The claim fights that a Facebook board council which affirmed the offer arrangement "did not deal hard" with Zuckerberg "to acquire anything of significant worth" in return for conceding Zuckerberg included control.
In an announcement, Facebook said the arrangement "is to the greatest advantage of the organization and all stockholders." The organization has said keeping Zuckerberg in charge is vital to its future achievement.
Facebook arrangements to make another class of shares that are openly recorded however don't have voting rights. Facebook will issue two of the alleged "Class C" offers for each exceptional Class An and Class B offer held by shareholders. Those new Class C shares will be traded on an open market under another image.
Zuckerberg "wishes to hold this force, while auctioning off a lot of his stockholdings, and procuring billions of dollars in continues," the claim said.
"The issuance of the Class C stock will, essentially, have the same impact as an award to Zuckerberg of billions of dollars in value, for which he will pay nothing," it said.
Google settled a claim in 2013 without further ado before trial which made room for that organization to execute a comparable arrangement.
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