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Facebook Tells 2nd Circ. Offset In IPO Deal Needs Addressing

By William Gorta (December 12, 2016, 5:53 PM EST) -- Facebook told the Second Circuit on Monday that a New York federal judge erred when he approved a settlement in a suit against Nasdaq by investors who were injured by technical glitches during Facebook's initial public offering, saying the judge failed to reject "erroneous, ripe legal challenges" to an offset, leaving it uncertain on its own trial strategy....

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