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In re: Facebook, Inc., IPO Securities and Derivative Litigation

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Case overview

Case Number:

1:12-md-02389

Court:

New York Southern

Nature of Suit:

P.I.: Other

Multi Party Litigation:

Class Action, Derivative Litigation, Multi-district Litigation

Judge:

Colleen McMahon

Firms

Companies

Government Agencies

Sectors & Industries:

  1. June 08, 2015

    Facebook To Object To Nasdaq's $31M IPO Suit Settlement

    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.

  2. May 29, 2015

    Plaintiff In Facebook IPO MDL Counsel Row Died In Nov.

    One of the plaintiffs in the multidistrict litigation over Facebook Inc.'s historic $16 billion initial public offering who said his claims were squeezed out by the lead plaintiffs passed away back in November, according to court documents filed on Friday.

  3. April 23, 2015

    Nasdaq Puts Up $31M To Settle Facebook Investor IPO Row

    Nasdaq OMX Group Inc. has agreed to settle an investor class action in New York over its botched handling of Facebook Inc.'s $16 billion initial public offering in May 2012, establishing a $31 million pot to cover investors' claims and other losses, according to court and regulatory filings on Thursday.

  4. March 30, 2015

    Underwriters Blast Plaintiffs' Bid To Exit Facebook-IPO MDL

    Underwriter defendants Morgan Stanley & Co. LLC, JP Morgan Securities LLC and Goldman Sachs & Co. on Friday blasted an attempt by some of the plaintiffs in consolidated multidistrict litigation over Facebook Inc.'s $16 billion initial public offering to have their suits dismissed, calling the move "procedurally inappropriate."

  5. January 13, 2015

    Facebook IPO Investors Move For Class Certification

    A slew of institutional and individual Facebook Inc. investors on Tuesday asked a New York federal court to certify them as a class in the consolidated action that accuses the social networking giant of putting out misleading information as it prepared for its $16 billion May 2012 initial public offering.

  6. August 26, 2014

    Nasdaq's SEC Docs Shielded In Facebook IPO MDL

    A New York federal judge said it won't force Nasdaq OMX Group Inc. to produce documents it provided to the U.S. Securities and Exchange Commission in an investigation surrounding Facebook Inc.'s $16 billion initial public offering, ruling Tuesday that Nasdaq's immunity is currently on appeal.

  7. May 22, 2014

    Facebook IPO Suits Belong In Delaware, 2nd Circ. To Hear

    Facebook Inc. on Wednesday said it will ask the Second Circuit to review the enforceability of an exclusive forum provision in two derivative class actions in multidistrict litigation over the company's $16 billion initial public offering, saying the clause in its corporate charter precludes the cases from being remanded to California state court. 

  8. May 05, 2014

    JPMorgan, Goldman Dodge Facebook Insider Trading Suit

    A New York federal judge on Friday tossed a lawsuit that claimed JP Morgan Chase & Co., Morgan Stanley & Co. and Goldman Sachs Group Inc. used nonpublic information to realize huge short-term profits related to Facebook's initial public offering.

  9. February 14, 2014

    Nasdaq Loses Bid To Take Facebook IPO Suit To 2nd Circ.

    A New York federal judge refused Friday to allow Nasdaq OMX Group Inc. to immediately appeal portions of his ruling on its bid to dismiss a class action over its role in Facebook Inc.'s initial public offering, saying the suit is not an exceptional case that presents controlling questions of law.

  10. February 04, 2014

    Facebook Asks For 2nd Circ. Review Of Investors' IPO Suit

    Attorneys for Facebook Inc. and the underwriters of its $16 billion initial public offering told a New York federal judge Tuesday that "serious legal questions" in an investor class action alleging they misled the public about Facebook's financial prospects before the IPO should be addressed by the Second Circuit.

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