Facebook Must Face The Music In IPO Suit
U.S. District Judge Robert Sweet ruled that Facebook, Co-Founder and CEO Mark Zuckerberg, and several banks must face a lawsuit by investors over the social network’s bungled May 2012 initial public offering, Reuters reported.
U.S. District Judge Robert Sweet ruled that Facebook, Co-Founder and CEO Mark Zuckerberg, and several banks must face a lawsuit by investors over the social network’s bungled May 2012 initial public offering, Reuters reported.
Sweet also ruled earlier this week that those same investors could pursue claims against Nasdaq parent Nasdaq OMX Group due to the exchange’s concealing of technology issues that led to the problems processing trades on Facebook’s first day of trading, May 18, 2012.
According
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