IPO-Related Lawsuits Against Facebook Consolidated, To Be Heard In New York
All of the lawsuits over Facebook’s bungled initial public offering are going to make a brand-new start of it in old New York, as a panel of federal judges ruled Thursday that cased filed throughout the country are to be transferred to U.S. District Judge Robert Sweet in Manhattan, according to reports.
All of the lawsuits over Facebook’s bungled initial public offering are going to make a brand-new start of it in old New York, as a panel of federal judges ruled Thursday that cased filed throughout the country are to be transferred to U.S. District Judge Robert Sweet in Manhattan, according to reports.
Reuters reported that Facebook had been pushing for the cases to be consolidated in New York, while some investors and other litigants wanted them to be heard in California.
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