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Wednesday, 23 May 2012

Is this a record?

3 Trading days - now that's impressive.

San Diego, CA -- (SBWIRE) -- 05/23/2012 -- An investor in NASDAQ:FB filed a lawsuit over alleged securities laws violations by Facebook and certain underwriters of the company’s IPO.

Investors who purchased shares of Facebook Inc (NASDAQ:FB) in or traceable to the IPO from Morgan Stanley, Goldman Sachs, and JPMorgan and/ or those who purchased shares of Facebook Inc (NASDAQ:FB) and had issues with the order on NASDAQ, have certain options and for certain investors are short and strict deadlines running. Deadline: July 23, 2012. NASDAQ:FB investors should contact the Shareholders Foundation, Inc.

The lawsuit was filed on behalf of all persons or entities who purchased the securities of Facebook Inc (NASDAQ:FB) pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with Facebook's IPO (including investors who purchased shares through May 22, 2012). The plaintiff alleges, among others, that the offering materials provided to potential investors were negligently prepared and failed to disclose material information about Facebook’s business, operations and prospects, in violation of federal securities laws.

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