• Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Experts in Risk
  • Class Actions
  • Criminal
  • Events
  • Features
  • Global
  • People
  • SEC
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

Posted in Class Actions, Global | Tagged Canada, Facebook

« Previous Next »

Subscribe

‘Enforcement 40’ for 2020

Ankura

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2023 Securities Docket.

  • Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
  • Criminal
  • Class Actions
  • Features
  • Global
  • People
  • SEC
  • Events