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Facebook Urges 2nd Circ. To Partly Reverse IPO Settlement

By Joyce Hanson (August 8, 2016, 3:39 PM EDT) -- Facebook Inc. on Friday asked the Second Circuit to partly reverse a settlement in a suit by Nasdaq investors against the exchange over technical problems on the day Facebook launched its initial public offering of stock, arguing that the social networking site is entitled to reduced damages in a related suit....

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