Arab Today, arab today lawsuits pile up over facebook ipo
Last Updated : GMT 18:20:30
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Lawsuits pile up over Facebook IPO

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Arab Today, arab today Lawsuits pile up over Facebook IPO

Washington - AFP

Facebook and its underwriters came under broad legal attack Wednesday as lawyers and investors filed lawsuits over Facebook\'s flop controversy-marred initial public offering. At least three law firms said they were filing actions against Facebook and its underwriters after the $16 billion IPO flopped amid accusations that the lead underwriters and the company itself hid material information from investors.

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