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.
8:59 pm on Jun 14, 2012 (gmt 0)
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.
9:50 pm on Jun 14, 2012 (gmt 0)
Sounds like Lee Yeakel doesn't care about upholding the integrity of his post.