WASHINGTON, June 29, 2022 /PRNewswire/ — RCB Fund Services LLC, the Distribution Agent for the Facebook, Inc. ("Facebook") Fair Fund (the "Facebook Fair Fund"), announces the opening of the claims process for the Facebook Fair Fund. The Facebook Fair Fund was established by the Court through a United States Securities and Exchange Commission ("SEC") enforcement action against Facebook to distribute $100 million in civil money penalties paid by Facebook to compensate investors harmed by Facebook’s alleged misleading disclosures regarding the risk of misuse of Facebook user data. Pursuant to the Plan of Distribution (the "Plan") approved on April 25, 2022, the Facebook Fair Fund will compensate certain investors who purchased Facebook common stock between January 28, 2016 and March 19, 2018 and who satisfy the conditions of the Plan. The Plan can be found at: FBfairfund.com or sec.gov.
Who is Eligible to Participate?
Any person or entity that purchased or acquired Facebook common stock on a U.S. exchange during the period from January 28, 2016 and March 19, 2018 is eligible for compensation from the Facebook Fair Fund subject to certain other eligibility limitations described in the Plan.
Facebook Common Stock – (FB) CUSIP: 30303M102
Determination of Eligible Losses
The amount of compensation will be determined in accordance with the Plan and will vary based on the dates of transactions in Facebook common stock, the number of shares purchased and/or sold, and the total dollar value of eligible claims submitted to Facebook Fair Fund.
How to Apply?
You must submit a completed claim form and supporting documentation on or before the claims deadline. The easiest way to participate is to file a claim online through the Facebook Fair Fund website: FBfairfund.com. If you are not able to utilize the online filing, you may download a copy of the claim form from the website and mail the completed claim form to the Facebook Fair Fund at the address shown below. You may also request a claim form by calling us toll free at (866) 578-3658, or by sending an email request to info@FBfairfund.com.
Claim Filing Deadline
Claim forms must be postmarked no later than midnight on October 26, 2022
Facebook Fair Fund, P.O. Box 6975, Syracuse, NY 13217-6975.
Toll free number: (866) 578-3658.