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Tuesday, April 23, 2024 | Back issues
Courthouse News Service Courthouse News Service

Facebook Settlement

A federal judge has signed off 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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