Buyer Beware: Facebook's No Stranger To Litigation

Law360, New York (February 2, 2012, 10:42 PM EST) -- Facebook Inc.'s filing for a $5 billion initial public offering could leave the company vulnerable to potential securities litigation, but if the social networking behemoth does end up facing shareholders' wrath down the line, it will have plenty of experience fighting legal battles to draw from.

In fact, litigation already has enough of an impact on Facebook's bottom line that the company lists it among the risks investors should be aware of in its IPO filing alongside pitfalls like the possible failure to retain existing users...
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