Facebook Stock: Mark Zuckerberg and IPO Underwriters Sued

Facebook and its IPO underwriters are being sued and face pointed questions from lawmakers about whether they misled some investors before the largest initial public offering by a tech company in U.S. history. Facebook investors, represented by the law firm of Robbins Geller Rudman and Dowd, have filed a class action suit against the company and its underwriters, saying the registration statement and prospectus filed with the Securities and Exchange Commission ahead of the IPO were "false and...Full Story
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