Facebook Says Many Investors Knew Of Problems Before IPO

By Kali Hays (October 7, 2015, 8:48 PM EDT) -- Facebook and some underwriters involved in the company's flubbed $16 billion initial public offering urged a New York federal court in documents unsealed Wednesday not to certify proposed investor classes in multidistrict litigation over its decreased valuation, saying thousands of proposed members learned of valuation issues before the IPO....

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