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Facebook IPO Suits Belong In Delaware, 2nd Circ. To Hear

By Vin Gurrieri (May 22, 2014, 5:39 PM EDT) -- Facebook Inc. on Wednesday said it will ask the Second Circuit to review the enforceability of an exclusive forum provision in two derivative class actions in multidistrict litigation over the company's $16 billion initial public offering, saying the clause in its corporate charter precludes the cases from being remanded to California state court. ...

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