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 […]

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Shareholders sue Facebook, NYSE comes calling |


Facebook and its Wall Street advisers are being sued by investors claiming they were misled about the company's business prospects before its record flotation. The two lawsuits files on Wednesday followed reports that only major potential investors After its $16-B IPO flopped, Facebook and its underwriters are sued by lawyers and investors. Facebook was sued […]

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Facebook Stock: Lawmakers Question, Subpoena Facebook; Company, Underwriters Sued

ABC News

(AP) NEW YORK – Facebook's stock (FB) is climbing higher, a reprieve for shareholders after the stock's rocky inaugural trading day Friday was followed by a two-day decline. Facebook Inc.'s stock is up $1.03, or 3.3 percent, to $32.03. (FNP), formerly Liz Claiborne, has hit upon a novel way of selling its common stock: through […]

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Facebook stock price tanks, in 'illegal' IPO 'fraud'


Now that Facebook stock is down for the second full trading day, those involved are saying it's not their fault… here's the run down. You decide Money Morning – Only The News You Can Profit From. By Bloomberg News Daniel Acker/BloombergShares in Facebook, which went on sale Friday, plunged in early trading. US stocks advanced, […]

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Facebook stock still slipping as investors grow wary

Christian Sc

By Jack Hough Facebook (FB) on Monday tumbled 11% to $34.03 — well below last week's $38 initial offering price. Shareholders who had bought the stock for a quick flip must now consider whether to defy all those Facebook skeptics and hold it longer. By Stacy Cowley @CNNMoneyTech May 22, 2012: 6:30 AM ET Facebook […]

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Facebook stock continues to fall in third day of trading

San Jose Mer

The poor stock market performance has intensified the scrutiny of Facebook's business, raising the bar for the company to regain Wall Street's confidence, say some investors and analysts. "What's most important now to investors is top line growth," By Stacy Cowley @CNNMoneyTech May 22, 2012: 6:30 AM ET Facebook included this stock certificate mock-up in […]

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