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Texas Judge Halts Depositions Over Problems With Facebook IPO

     

engine

7:54 pm on Jun 14, 2012 (gmt 0)

WebmasterWorld Administrator engine is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month Best Post Of The Month



Texas Judge Halts Depositions Over Problems With Facebook IPO [forbes.com]
A federal judge in Texas has ended a lawyer’s fishing expedition in search of evidence to sue over the Facebook initial public offering before it even had a chance to become a lawsuit.

U.S. District Judge Lee Yeakel, in a terse, 3-page order issued yesterday, told Austin attorney Bogdan Rentea that he wouldn’t order depositions of Mark Zuckerberg, Facebook Chief Financial Officer David Ebersman and others simply because Rentea wanted to find out if there was something to “newspaper reports and accounts from Reuters, the Motley Fool and others” indicating problems with the Facebook IPO.

lucy24

8:59 pm on Jun 14, 2012 (gmt 0)

WebmasterWorld Senior Member lucy24 is a WebmasterWorld Top Contributor of All Time Top Contributors Of The Month



Mmm, nothing like unbiased reporting. I lost count of the number of times the term "fishing expedition"* appeared without quotation marks in the text of the article-- beginning with the headline.

Where but in a description of a legal ruling could three pages be called "terse"?


* Standard expression in US legal opinions. Other English-speaking countries may call it something else.

JAB Creations

9:50 pm on Jun 14, 2012 (gmt 0)

WebmasterWorld Senior Member jab_creations is a WebmasterWorld Top Contributor of All Time 10+ Year Member



Sounds like Lee Yeakel doesn't care about upholding the integrity of his post.

- John
 

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