November 25, 2015
A New York federal judge on Tuesday declined to vacate a ruling that Nasdaq's immunity as a self-regulatory organization didn't protect it from claims related to its botched handling of Facebook's initial public offering, finding the decision should stand despite a recent settlement.
October 07, 2015
Facebook and some underwriters involved in the company's flubbed $16 billion initial public offering urged a New York federal court in documents unsealed Wednesday not to certify proposed investor classes in multidistrict litigation over its decreased valuation, saying thousands of proposed members learned of valuation issues before the IPO.
September 14, 2015
Facebook Inc. and related parties told a New York federal court Friday that a controversial provision in Nasdaq's proposed settlement over the social media giant's botched $16 billion initial public offering must be preserved to stop investors from pursuing improper "double recovery" in related litigation.
September 08, 2015
A New York federal judge on Tuesday granted Facebook Inc. underwriters and executives permission to intervene as the court weighs Nasdaq's proposed settlement over Facebook Inc.'s botched $16 billion initial public offering, with U.S. District Judge Robert Sweet saying their motions to intervene were unopposed.
August 24, 2015
Underwriters for Facebook Inc.'s botched $16 billion initial public offering on Friday asked for permission to intervene as a New York federal judge weighs Nasdaq's proposed settlement over the same IPO, arguing that they have a stake in the potential $31 million deal's controversial judgment-reduction provision.
August 20, 2015
Investors suing Facebook Inc. over its botched $16 billion initial public offering told a New York federal judge Wednesday that Nasdaq's proposed settlement over the same IPO must be modified to avoid granting Facebook a possible $26.5 million "windfall" in unfairly reduced damages.
August 17, 2015
Facebook Inc. executives Mark Zuckerberg and Sheryl Sandberg, Netflix Inc. CEO Reed Hastings and venture capitalists Peter Thiel and Marc Andreessen asked a New York federal judge Friday for permission to intervene in a proposed class action over Facebook's botched IPO.
August 13, 2015
The lead plaintiffs in a proposed class action over Facebook's botched IPO asked a New York federal judge on Wednesday for final approval of a $31 million settlement with Nasdaq and related defendants, saying potential class members have reacted positively to the deal.
July 09, 2015
Plaintiffs fighting for class certification in a suit over Facebook's IPO on Thursday asked a New York federal judge to nix testimony from a professor they claim is not a court-qualified expert, saying his argument contradicted Second Circuit precedents.
June 25, 2015
A New York federal judge has preliminarily approved Nasdaq's $31 million settlement in a securities class action over Facebook Inc.'s botched $16 billion initial public offering, a settlement that Facebook has announced it will object to.