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Facebook IPO Underwriters' Trades Not Typical, 2nd Circ. Told

By Kurt Orzeck (September 25, 2015, 8:20 PM EDT) -- The shareholder behind a $100 million suit over Facebook's initial public offering blasted federal regulators' recent amicus brief that appeared to favor its underwriters, telling the Second Circuit their alleged use of inside information to turn a short-swing profit wasn't typical underwriting activity....

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