Facebook IPO lawsuits News

Judge Allows Investors’ Class Action Against Facebook, Underwriters Over IPO

Facebook Inc. and the underwriters of its May 2012 initial public offering must face a class-action lawsuit by investors claiming the company misled them about its financial condition, a judge ruled. U.S. District Judge Robert Sweet in Manhattan rejected arguments …

Facebook IPO Lawsuits Likely to Be Heard by New York Judge

Facebook Inc. and most of its adversaries in a raft of lawsuits over its $16 billion initial public offering can agree on at least one thing: that the cases should be heard in a New York court. At a hearing …

Facebook Outlines Defense in Messy IPO Case

Facebook Inc., facing a raft of lawsuits from investors seeking to recoup losses from its botched IPO, laid out on Friday how cascading Nasdaq trading glitches might have stoked the confusion that marred its May 18 debut. The No. 1 …