Felix Investments Suit Vs. SecondMarket Over Facebook IPO Dismissed By N.Y. State Appeals Court
Another lawsuit related to Facebook’s bungled initial public offering bit the dust, as a New York state appeals court Tuesday dismissed a suit by Felix Investments against online marketplace SecondMarket.
Another lawsuit related to Facebook’s bungled initial public offering bit the dust, as a New York state appeals court Tuesday dismissed a suit by Felix Investments against online marketplace SecondMarket.
Reuters reported that the New York Appellate Division, First Department, ruled that the Facie Libre entities controlled by Felix Investments could not bring a claim of intentional misrepresentation against SecondMarket, reversing a decision last August by Manhattan Supreme Court Justice Shirley Kornreich, who dismissed the bulk of the case but allowed the misrepresentation claim to move forward.
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