Thursday, January 23, 2014

Suit Filed over Facebook IPO 1096

Premises liability is another area of
A Facebook shareholder has filed a lawsuit against the company over the social media giant's botched initial public offering. The suit claims company directors shared only selective information with shareholders and investors and failed to disclose weaker revenue trends for the company. Shares fell nearly $13 within a month after the initial IPO, and the lawsuit is demanding company directors "disgorge the money they made from selling stock through the IPO." San Diego personal injury attorney


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