Nasdaq And Investors Suing It Ask Court To Separate Its Cases From Those Involving Facebook
Nasdaq exchange parent Nasdaq OMX Group and investors that are suing the company filed papers with the U.S. Judicial Panel on Multi-District Litigation in Manhattan Monday asking that their lawsuits be kept separate from the dozens of suits by Facebook shareholders against the social network due to its bungled initial public offering, Reuters reported.
Nasdaq exchange parent Nasdaq OMX Group and investors that are suing the company filed papers with the U.S. Judicial Panel on Multi-District Litigation in Manhattan Monday asking that their lawsuits be kept separate from the dozens of suits by Facebook shareholders against the social network due to its bungled initial public offering, Reuters reported.
Facebook and underwriters of its IPO — including lead underwriters Morgan Stanley, Goldman Sachs, and J.P. Morgan — filed a motion last month to consolidate all IPO-related lawsuits.
According
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