Facebook, the Nasdaq and banks involved in the issuance of shares of social networking are increasingly a target of several lawsuits, according to Reuters . All will be centralized in a federal court in New York (United States), which will have the task of deciding on the legal consequences of problematic IPO of Facebook.
Investors claim to have lost money for technical failures in Nasdaq and accuse Facebook of omitting unfavorable information about their business prospects to Wall Street analysts, who then would have passed the privileged investors.
The lawsuits, seeking compensation for undisclosed amounts, can cost millions of dollars in legal fees to Facebook, which claims not to have violated any rules, and blames the Nasdaq by technical problems of business on the IPO.
Although some of the cases involving different defendants and claims, a group of federal judges ruled that Americans they gather sufficient factual issues common circumstances related and shared documentation to justify centralization.
