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(Reuters) - Dozens of lawsuits against Facebook Inc, the NASDAQ exchange and various underwriters will be centralized before a federal judge in New York, who must sort through the legal aftermath of Facebook's botched initial public offering. A panel of federal judges on Thursday ordered that cases filed around the United States be transferred to U.S. District Judge Robert Sweet in Manhattan
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Yahoo and Facebook have agreed to settle an increasingly bitter legal fight over their patent holdings, ending what could have been one of the nastier court battles in Silicon Valley in some time.
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NEW YORK (Reuters) - Facebook Inc and its lead underwriters Morgan Stanley , Goldman Sachs Group Inc and JPMorgan Chase & Co have requested that shareholder lawsuits over its $16 billion initial public offering be grouped together in Manhattan federal court. In court papers filed late on Thursday before the U.S. Judicial Panel on Multi-District Litigation, Facebook and the banks said the U.S. Dis
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Trial lawyers smelled blood as furious investors began filing suits over losses on Facebook's disastrous $16 billion IPO, with billions of dollars possibly at stake in coming litigation.
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