Judge Designates Plaintiffs In IPO-Related Securities Cases Vs. Facebook, Nasdaq OMX Group
U.S. District Judge Robert Sweet in Manhattan named the lead plaintiffs Thursday in securities lawsuits against Facebook and against Nasdaq parent Nasdaq OMX Group related to the social network’s bungled May 18 initial public offering.
U.S. District Judge Robert Sweet in Manhattan named the lead plaintiffs Thursday in securities lawsuits against Facebook and against Nasdaq parent Nasdaq OMX Group related to the social network’s bungled May 18 initial public offering.
Reuters reported that the plaintiff group picked to lead 31 cases alleging securities violations against Facebook is made up of North Carolina Retirement Systems, Arkansas Teacher Retirement System, Fresno County Employees’ Retirement Association, and Banyan Capital Master Fund, which claimed a total of $7.1
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