Suit Filed over Facebook IPO 1096

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A Facebook shareholder has filed a lawsuit against the company over the social media giant’s botched initial public offering. San-Diego-Auto-Accident-lawyer.com The suit claims company directors shared only selective information with shareholders and investors and failed to disclose weaker revenue trends for the company. Shares fell nearly $13 within a month after the initial IPO, and the lawsuit is demanding company directors “disgorge the money they made from selling stock through the IPO.” San Diego personal injury attorney

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