Judge Sweet Dismisses Facebook Derivative Cases
In an opinion today, Judge Sweet dismissed derivative claims against various Facebook officers and directors arising from the IPO last May. The claims were dismissed because (1) the plaintiffs bought...
View ArticleDefendants’ Move to Dismiss Facebook IPO Complaint
Yesterday, the defendants in the consolidated In re Facebook litigation before Judge Sweet moved to dismiss the plaintiffs’ claims in their entirety. The defendants argued that the plaintiffs had...
View ArticleJudge Sweet Dismisses Some, but Not All, Claims Against NASDAQ in Facebook...
In a decision last week, Judge Sweet ruled that the self-regulatory organization (“SRO”) immunity applied to bar some of the claims brought against the NASDAQ stock exchange in the consolidated In re...
View ArticleJudge Sweet Denies Facebook’s Motion to Dismiss Federal Securities Claims
In an opinion filed last week but just posted to the ECF docket this morning, Judge Sweet denied the motion of Facebook and its underwriter banks to dismiss federal securities claims arising from the...
View ArticleMDL Investor Class Certified in Facebook IPO Actions
This week, Judge Sweet granted the motion for class certification as part of the ongoing multi-district litigation over Facebook’s alleged negligent misstatements or omissions surrounding its 2012 IPO....
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