Facebook stock climbs, but company faces lawsuits


Not only Facebook, its underwriters, led by Morgan Stanley and the Nasdaq stock exchange, are under investigation by government and industry regulator on how the IPO procedure was handled. Complaints have been filed against all of these parties,

By Aaron Smith @CNNMoneyInvest May 24, 2012: 12:05 PM ET NEW YORK (CNNMoney) — Facebook's stock straddled the breakeven line on Thursday, still down at least 15% from the price of its initial public offering. Facebook (FB) was trading at $32 a share

By BARBARA ORTUTAY Facebook's fourth day of trading as public company brought shareholder lawsuits, and an increase in the company's stock price as the fallout continued from the social network's botched initial public offering. Facebook Inc.'s stock

By Aaron Smith @CNNMoneyInvest May 24, 2012: 12:05 PM ET NEW YORK (CNNMoney) — Facebook's stock straddled the breakeven line on Thursday, still down at least 15% from the price of its initial public offering. Facebook (FB) was trading at $32 a share

Not only Facebook, its underwriters, led by Morgan Stanley and the Nasdaq stock exchange, are under investigation by government and industry regulator on how the IPO procedure was handled. Complaints have been filed against all of these parties,

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