Facebook Investors Sue Zuckerberg Over Ipo

Facebook investors sue Zuckerberg over IPO Furious Facebook investors have filed a lawsuit against founder Mark Zuckerberg, alleging he knew the business had been overvalued ahead of its flotation last month.

Topics:  ipo   furious facebook   mark zuckerberg   zuckerberg   
  • SEPTA, other investors force Zuckerberg to abandon plan for nonvoting shares
    Zuckerberg’s decision to surrender his proposal to increase his super-voting shares at the expense of other investors, which his handpicked ... from public entities when they look for clients to sue big companies.
    09/22/2017 - 5:46 am | View Link
  • Facebook IPO: Shareholders Continue To Sue Mark Zuckerberg For Allegedly Holding Back Over Nasdaq Debut
    The suit accuses Zuckerberg, along with a gallery of Facebook executives and underwriters, of withholding key information from mom-and-pop investors about the true ... In a statement to HuffPost, Andrew Noyes, a Facebook spokesman, said, "We believe ...
    06/5/2012 - 8:41 am | View Link
  • Facebook investors sue Mark Zuckerberg
    Mark Zuckerberg has been extremely busy with a lot happening around him, like his marriage to long-term girlfriend Priscilla Chan and the Facebook IPO. A recent report now reveals that investors have filed a class action lawsuit against Mark Zuckerberg, as ...
    06/5/2012 - 12:43 am | View Link
  • Facebook investors sue Mark Zuckerberg for insider trading
    WebProNews reports that former Wall Street analyst Henry Blodget, speaking on behalf of investors, called Zuckerberg's alleged insider trading "unfair." He said: “This is an absurd and unfair practice. The estimates themselves are material information ...
    06/4/2012 - 6:26 pm | View Link
  • Investors sue Facebook over lost billions
    Investors are suing Facebook, including its founder Mark Zuckerberg, and Morgan Stanley, the lead underwriter in last week's disastrous public float, claiming they were misled in the purchase of the social network firm’s stock. The investors said the ...
    05/23/2012 - 10:00 am | View Link
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  • Criticism of Facebook
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  • Facebook
    Facebook is an American for-profit corporation and an online social media and social networking service based in Menlo Park, California. The Facebook website was ...
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