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

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Case Number:

1:12-md-02389

Court:

New York Southern

Nature of Suit:

Multi Party Litigation:

Class Action, Derivative Litigation, Multi-district Litigation

Judge:

Colleen McMahon

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Companies

Government Agencies

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December 18, 2013
Facebook Can't Shed Investor Suit Over IPO

Facebook Inc., its CEO Mark Zuckerberg and underwriters of the company's $16 billion initial public offering must face a class action by investors who claim they suffered losses because the company misled the public about its financial prospects in the runup to the IPO, a New York federal judge has ruled.
October 08, 2013
Investors Defend Suit Over Facebook IPO Losses

Investors on Tuesday urged a federal judge to allow a class action against Facebook Inc. over losses they suffered in its $16 billion initial public offering, arguing that the company kept its underwriters informed about potential problems while misleading the public.
October 03, 2013
Nasdaq Can Be Sued Over Facebook IPO, Investors Say

Investors who sued Nasdaq OMX Group Inc. over problems with Facebook Inc.'s initial public offering urged a New York federal judge Thursday to let their proposed class action go forward, arguing that the company is not immune from suit.
August 15, 2013
Facebook IPO Underwriters Dodge Insider Trading Action

A group of investors allegedly bilked in the Facebook Inc. initial public offering cannot break away from multidistrict litigation to pursue an insider trading class action against underwriters Goldman Sachs & Co., JPMorgan Securities LLC and Morgan Stanley & Co. LLC, a New York federal judge ruled Tuesday.
July 03, 2013
Nasdaq Says It Is Immune From Facebook IPO Suit

Nasdaq OMX Group Inc. on Tuesday urged a New York federal court to dismiss a proposed consolidated class action over its role in Facebook Inc.'s problematic initial public offering, saying the stock exchange's legal status as a self-regulatory organization shields it from litigation stemming from investors' losses.
May 01, 2013
Facebook Fires Back At Investor Suit Over IPO

Facebook Inc. urged a New York federal court on Wednesday to dismiss a securities class action — part of sprawling multidistrict litigation over the company's $16 billion initial public offering — because federal securities laws didn't require Facebook to publicly disclose its internal revenue projections.
February 13, 2013
Facebook Shakes 4 Derivative Suits Over IPO

Facebook Inc. scored a win Wednesday in the sprawling multidistrict litigation over its $16 billion initial public offering when a New York federal judge tossed four derivative suits accusing the social network of leaking certain nonpublic information to lead underwriters including Goldman Sachs & Co.
December 12, 2012
Facebook Asks Judge To Toss Derivative Suits From IPO MDL

Facebook Inc. on Wednesday asked a New York federal judge to dismiss four derivative actions stemming from the social media giant's ill-fated initial public offering in May, saying the plaintiffs lacked standing and did not own shares at the time of the IPO.

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