Unfriending the Facebook IPO

Litigation against the company, Nasdaq moving through courts.

, The National Law Journal

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It was the biggest lead balloon to crash on Wall Street in years. On May 8, 2012, Nasdaq opened Facebook Inc.'s initial public offering at $38 per share. The price plummeted. Investors lost hundreds of millions of dollars. Now litigation over the botched IPO is moving forward — not just against Facebook, but also Nasdaq.

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Originally appeared in print as Unfriending Facebook IPO

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