In re Facebook Inc. IPO Securities and Derivative Litigation, (NASDAQ Actions) MDL No. 12-2389 (RWS)
On June 25, 2015, the Honorable Robert W. Sweet preliminarily approved Plaintiffs' $26.5 million settlement with The NASDAQ OMX Group, Inc. (“NASDAQ”), The NASDAQ Stock Market and certain individual defendants on behalf of a class of investors who suffered losses caused by system-wide disruptions in the alleged negligent handling of the Facebook, Inc. initial public offering. Lovell Stewart believes that this is the first case where a class of investors has sued an exchange for market disruption, and the court has sustained those claims. Individuals and entities that entered retail pre-market and certain aftermarket orders to purchase and/or sell the common stock of Facebook, Inc. on May 18, 2012, and who suffered monetary losses as a result of the alleged negligent conduct, may be included in this action. Lovell Stewart is co-lead counsel in this action. Class members can find additional information on the class action website at www.nasdaqfbsettlement.com. Please contact Fred T. Isquith, Esq., (firstname.lastname@example.org) or Victor E. Stewart, Esq. (email@example.com) should you require further information.