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Facebook IPO: About 50 Lawsuits Filed

     

engine

5:48 pm on Sep 26, 2012 (gmt 0)

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



About 50 lawsuits have been filed against Facebook, Nasdaq and underwriters of Facebook's May IPO. Aaron Lucchetti reports on Markets Hub. Photo: Reuters.
.While investors face an uphill battle to recover losses, some legal experts said defendants in the arbitration claims and civil lawsuits face potentially large financial exposure given the stock's 47% slide since the IPO.
In addition, securities lawyers who represent Facebook investors say they expect hundreds of arbitration claims to be launched against brokers and securities firms that pitched the company's shares.

Facebook IPO: About 50 Lawsuits Filed [online.wsj.com]

Leosghost

5:54 pm on Sep 26, 2012 (gmt 0)

WebmasterWorld Senior Member leosghost is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month



Getting popcorn supplies ready..;)

TypicalSurfer

6:58 pm on Sep 26, 2012 (gmt 0)

10+ Year Member



In investor circles the company is referred to as fakebook.
 

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