Defense Strategy Of Facebook, Underwriters: Consolidate Lawsuits, Blame Nasdaq
Facebook will reportedly file a motion, as early as Friday, to consolidate all of the lawsuits against the company related to its troubled initial public offering, and the motion is expected to include lead underwriters Morgan Stanley, Goldman Sachs, and J.P. Morgan.
Facebook will reportedly file a motion, as early as Friday, to consolidate all of the lawsuits against the company related to its troubled initial public offering, and the motion is expected to include lead underwriters Morgan Stanley, Goldman Sachs, and J.P. Morgan.
The New York Times’ DealBook reported that Nasdaq will be a major part of the filing, with Facebook and the underwriters pointing to the technical issues experienced by the exchange on the day the IPO launched.
According
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