Monday 28 May 2012

Highly Anticipated Stock Offerings-Initial Public Offering-Legal Opportunity-Nasdaq Omx Group

Feeding frenzy for lawyers in botched Facebook IPO

(Reuters) - Facebook Inc's bungled initial public offering has gone from one of the most highly anticipated stock offerings to a hot legal opportunity for lawyers on both sides of shareholder litigation. Court battles over the fizzled IPO could run for years, as the social networking company, the banks that took it public and the Nasdaq OMX Group Inc face claims that they short-changed investors. Besides fighting off claims by Facebook shareholders, the defendants will also need lawyers to respond to inquiries from government investigators looking into how the IPO was handled. ... read more..

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