Facebook Settlement

A federal judge has <strong><a href="http://www.courthousenews.com/wp-content/uploads/2018/11/facebook-ipo.pdf">signed off</a></strong> on a $35 million settlement with Facebook over claims that it misled shareholders in connection to a 2012 initial public offering. Lead class counsel at Bernstein Litoqitz and Labaton Sucharow are set to collect 25 percent of the settlement fund, plus more than $5 million to cover expenses and costs.

MANHATTAN – A federal judge signed off Monday on a $35 million settlement with Facebook over claims that it misled shareholders in connection to a 2012 initial public offering. Lead class counsel at Bernstein Litoqitz and Labaton Sucharow are set to collect 25 percent of the settlement fund, plus more than $5 million to cover expenses and costs.

Categories / Business, Securities, Technology

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