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Venable Again Beats $11M Facebook IPO Fraud Suit

By Gavin Broady (August 16, 2013, 6:35 PM EDT) -- A California judge on Thursday shut down a suit brought against Venable LLP by a private investment company that claims the firm helped an alleged fraudster dupe it out of $11.25 million in bogus pre-IPO Facebook shares, saying the company had not stated a convincing fraud claim....

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