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Kacouris v. Facebook, Inc. et al
Case Number:
1:18-cv-06765
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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August 29, 2018
Facebook Wants Fraud Suits Moved As Firms Angle For Lead
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.
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July 27, 2018
After $120B Stock Tumble, Facebook Investors Claim Fraud
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.