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Browse: Home / 2012 / June / 11 / Regina lawyer launches class-action suit against Facebook

Regina lawyer launches class-action suit against Facebook

By Securities Docket on June 11, 2012, 12:14 pm

A class-action lawsuit has been launched in Canada claiming that Facebook misled most of its investors ahead of its initial public offering last month.

The suit, led by Regina-based lawyer Tony Merchant, alleges the social media company worked together with its banks to distribute incomplete and inaccurate financial information to all but a few preferred investors.

A claim has been filed with the court in Saskatchewan, while one will be filed in Ontario on Monday and British Columbia later next week.

via Regina lawyer launches class-action suit against Facebook — CTV Saskatoon

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Posted in Class Actions, Global | Tagged Canada, Facebook

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