UPDATE 1-Zuckerberg nixes new Facebook share class after shareholder lawsuit
September 22, 2017 at 18:24 PM EDT
WILMINGTON, Del., Sept 22 (Reuters) - Facebook Inc Chairman Mark Zuckerberg abandoned plans on Friday to create a new class of company stock with no voting power, which was meant to be a way for Zuckerberg to retain control over the company he founded while fulfilling a pledge to give away his wealth.