Facebook faces deluge of lawsuits over troubled IPO

Facebook is in some legal hot water.
Facebook and its underwriters have been hit with approximately 50 lawsuits over its troubled initial public offering, the Wall Street journal is reporting, citing lawyers working on the cases. To make matters worse, the Journal’s sources say that the brokers and financial firms that pushed investors to buy Facebook shares could face arbitration claims from those same buyers.
According to the Journal, it had a chance to look through some of the lawsuits, and many of them take aim at Facebook and its chief underwriter, Morgan Stanley, for failing to…

Continued here: Facebook faces deluge of lawsuits over troubled IPO

anonymous

About The Author

Vinod Rawat

I'm a very patient listener with positive attitude towards work and life. I'm kind of innovative and creative, I keep learning things and try to implement them to the best use possible. Sometimes I love to write a little and share with the world, sometimes I stay busy at work or family. Professionally I'm a Web & Graphic Designer and also a Pro Marketer. I have over 12 years of working experience in Sales & Marketing, Graphic and Web Design. Explored many areas of business. Sometimes I do love to travel.

RSS Hot Search Trends

Archives

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 389 other subscribers