(Reuters) - Facebook Inc, its Chief Executive Mark Zuckerberg and dozens of banks asked a federal judge to throw out a lawsuit accusing the social media company of misleading investors about its financial condition before its $16 billion initial public offering a year ago. The defendants said in court papers on Wednesday that before the IPO last May 18, Facebook had no obligation to publicly disc
Judge: Firm can sue Facebook over 'timeline'
Posted in General by Yahoo-SM 51 days ago (http://news.yahoo.com)Judge recommends Ceglia case vs Facebook be dismissed
Posted in General by Yahoo-SM 58 days ago (http://news.yahoo.com)
By Jonathan Stempel and Nate Raymond (Reuters) - A federal judge on Tuesday recommended the dismissal of a lawsuit against Facebook Inc in which Paul Ceglia, an upstate New York wood pellet salesman, claimed a huge ownership stake in the social media company. U.S. Magistrate Judge Leslie Foschio said there is "clear and convincing evidence" that an alleged 2003 contract with Mark Zucker












