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Facebook: Lawsuit Over IPO ‘Without Merit’

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May 23, 2012 9:11 a.m.
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Facebook released the following statement after shareholders sued the company over its initial public offering: “We believe the lawsuit is without merit and will defend ourselves vigorously.”

Via CNBC.

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Author Headshot
David Taintor is a New York-based senior editor who oversees breaking news coverage. He previously worked at NBC News.
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