Facebook To Object To Nasdaq's $31M IPO Suit Settlement
Law360, New York (June 8, 2015, 3:31 PM EDT) -- Facebook Inc. and other defendants named in the securities class action over the social network's botched $16 billion initial public offering told a New York federal judge on Friday they would object to some of the terms in the $31 million proposed partial settlement of the case.
Facebook's $16 billion IPO was troubled by technical glitches. (Credit: AP) The "nonsettling defendants," which include the company itself, its executives and a slew of banks involved with the float, entered a response to a motion for the settlement's preliminary approval, saying the settlement unfairly limits their rights and that they would submit their...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!