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Lead Plaintiffs Named in two Facebook IPO Suits
Samuels Yoelin Kantor LLP

(December 6) U.S. District Judge Robert Sweet in Manhattan has named lead plaintiffs in two separate suits resulting from the Facebook IPO in May. One suit against NASDAQ contends that investors lost money due to the exchange’s computer malfunctions on offering day, preventing them from liquidating their positions on the stock’s immediate and dramatic correction.…

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