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Facebook IPO Underwriters Get Help From SEC In 2nd Circ.

By Jeff Zalesin (August 26, 2015, 1:14 PM EDT) -- Underwriting and lock-up agreements similar to those used for Facebook Inc.'s 2012 initial public offering are common and don't normally implicate short-swing trading restrictions, the U.S. Securities and Exchange Commission told the Second Circuit panel weighing a $100 million suit against Facebook's underwriters on Tuesday....

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