August 29, 2018
A New York federal judge gave two securities class action plaintiffs permission to intervene in a pair of stock-drop suits against Facebook Inc. on Wednesday, saying the plaintiffs could seek to stay the competing cases while the social network company prepares a request to centralize the whole dispute in California.
July 27, 2018
Investors filed at least two proposed securities fraud class actions against Facebook in New York federal court, accusing the company and its top brass of misleading shareholders in the months leading up to its disappointing earnings statement and subsequent $120 billion stock drop.