SEC Questions Goldman On Facebook Offering

Law360, New York (January 6, 2011, 8:40 PM EST) -- The U.S. Securities and Exchange Commission has reportedly sought details from Goldman Sachs Group Inc. related to a $500 million private offering of Facebook Inc. shares.

Citing sources with direct knowledge of the inquiry, the New York Times reported Thursday that the SEC had questioned Goldman on the structure of the offering and how reports of the deal — which was supposed to be private — were leaked to the media.

The Times also quoted from an offering document sent by Goldman to potential investors, which...
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