Investors 'Like' Facebook, But They'll Still Sue

Law360, New York (May 18, 2012, 6:46 PM EDT) -- In going public Friday, Facebook Inc. earned a staggering $104 billion valuation and made its founder, Mark Zuckerberg, an even richer man, but the social network also opened itself to significant shareholder scrutiny and potential lawsuits tied to its initial disclosures and controversial privacy policy, experts say.

Facebook's public debut got off to a somewhat rocky start Friday, with Nasdaq delaying its anxiously awaited initial offering due to a technical snafu. When shares finally began moving, they sold for more than $40 apiece for a time,...
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