Facebook, Nasdaq, face lawsuits: Retail investors are suing Nasdaq and Facebook, Reuters reported, claiming that the exchange was negligent when it handled the orders. The report says that suits have been filed in US District Court of Manhattan,
They say Facebook's "prospectus contained untrue statements of material facts."
Facebook has settled a lawsuit over their Sponsored Stories feature out of court today. The terms of the settlement have not been disclosed. A document filed yesterday (PDF) notified the court that the parties in the case had
By Chloe Albanesius Facebook has settled a class-action lawsuit regarding its "Sponsored Stories" advertising program, according to court documents. In a Monday filing, Judge Lucy Koh with the Northern California district court said the two sides "have
Facebook faced more bad news Wednesday in the wake of its botched initial public offering. Shareholders filed a lawsuit against the social networking company, lead underwriter Morgan Stanley and several other Wall Street
