Wednesday, May 23, 2012 9:18:54 AM
http://ih.advfn.com/p.php?pid=nmona&article=52527361
The action is brought against Facebook, certain of its officers and directors, and the underwriters of the IPO for violations of the federal securities laws. The complaint alleges that the IPO Registration Statement and Prospectus were negligently prepared and failed to disclose material information about Facebook’s business, operations and prospects.
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