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Class-action Suit Filed Against Facebook over IPO Issues

Facebook hit with suit

May 25 2012, 1:00pm CDT | by

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Class-action Suit Filed Against Facebook over IPO Issues
 
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Class-action Suit Filed Against Facebook over IPO Issues

A law firm called Kessler Topaz Meltzer & Check, LLP has announced that it has filed a class-action lawsuit against Facebook in the United States District Court for Southern District of New York on behalf of those that purchased stock in Facebook's IPO. Facebook's IPO was on May 18 and according to the complaint Facebook and certain officers, directors and underwriters violated the Securities Act of 1933.

The legal firm claims that the company and underwriters failed to disclose the fact that Facebook is experiencing severe and pronounced reduction in revenue growth due to people moving to mobile apps to access the site. The suit is seeking a lead plaintiff that has to be certified by the court as having complaints similar to those of the class. The suit is seeking damages from Facebook.

 

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NASCAR At Daytona 2014: Coke Zero 400 weather forecast

Source: SBNation

Coke Zero 400 powered by Coca-Cola
Florida in July means the weather will be hot and humid with isolated afternoon thunderstorms. The question is will these storms cause problems for NASCAR this weekend. We will experience typical "typical" Florida weather this weekend at Daytona International Speedway for the Coke Zero 400. What is typical Florida weather? Mostly-to-partly-sunny days, hot and humid with highs near 90. If you've ever been to Florida in the summer, then you know a spot shower ...
Source: SBNation   Full article at: SBNation 4 days ago, 2:15am CDT
 

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Update: 10

A New Declaration of Independence

Source: Crisis Magazine

Vulture Festival - Day 1
Twelve score minus two years ago, our fathers brought forth on this continent … something that no longer exists. In 2014, Independence Day is more commonly called the Fourth of July—a Jacobin rather than a Christian practice, naming holidays after dates. (Imagine celebrating the 25th of December.) The rhetorical shift reflects an underlying reality. Lost to the mists of memory for most Americans is the fact that the D ...
Source: Crisis Magazine   Full article at: Crisis Magazine 4 days ago, 2:10am CDT
 

Update: 8

Facebook Messenger app finally launched for Apple iPads

Source: BGR.in

Creative Industries Council Launches Create UK
Facebook has finally launched a tablet optimized version of its Messenger app for the Apple iPad. Messenger for iPad introduces a new multi-window layout, in addition to carrying over features from the iPhone including voice calling, and stickers among others. The first thing that you will notice on firing up the app is the layout. There is a multi-window layout that keeps both the chat list and the IM window on-scr ...
Source: BGR.in   Full article at: BGR.in 4 days ago, 1:58am CDT
 

Update: 7

PepsiCo CEO Lights Up The Internet With Her Comments About Women ‘Having It All’

Source: CBS San Francisco

Facebook COO Sheryl Sandberg And Chelsea Clinton Discuss Women In Business
SAN FRANCISCO (CBS) — Can working moms have it all? Women in the Bay Area and all over the country were asking just that, after a high-powered CEO lit up the Internet with her comments about women balancing family and their careers. “If you ask our daughters, I’m not sure they’ll say I’ve been a good mom,” PepsiCo CEO Indra Nooyi told a crowd at the Aspen Ideas Festival this week. “I’m not sure.” function cbs_video_wnplayer_10332574_start ...
Source: CBS San Francisco   Full article at: CBS San Francisco 5 days ago, 1:00am CDT
 

Update: 6

More churches turning to social media

Source: Turn To 23

Creative Industries Council Launches Create UK
The use of social media sites such as Facebook and Twitter have spiked among pastors and churches over the last two years.  A report recently released shows faith leaders are incorporating digital platforms into their ministry more than ever before.  A Bakersfield church is using a simple text ...
Source: Turn To 23   Full article at: Turn To 23 5 days ago, 12:36am CDT
 

Update: 5

Social Media influencing TV viewing

Source: Broadband TV News

Creative Industries Council Launches Create UK
The rise of social media is beginning to have an impact on television viewing with one in seven viewers using the medium for TV recommendations. This breaks down to 12% from Facebook and 6% from Twitter. Read ...
Source: Broadband TV News   Full article at: Broadband TV News 5 days ago, 12:21am CDT
 

Update: 4

Roaming Rocky: Neighbors track friendly dog on Facebook

Source: Tulsa World

Creative Industries Council Launches Create UK
Rocky the rescue dog is famous in Tulsa's Holliday Hills neighborhood. He's an escape artist who can jump a 6-foot-tall fence, and neighbors chronicle his adventures on the community Facebook ...
Source: Tulsa World   Full article at: Tulsa World 5 days ago, 12:00am CDT
 

Update: 3

Neighbors: Teen Arrested In Terror Investigation Seemed Typical

Source: CBS Denver

ARVADA, Colo. (CBS4)- The Arvada teenager accused of trying to gather information for a Muslim terrorist group was seemingly typical, as described by her neighbors, before her behavior started to change. The FBI arrested Shannon Maureen Conley in April but her case was just made public. She is accused of helping the radical Islamic group known as the Islamic State of Iraq and Syria, also known as ISIS. Shannon Conley (credit: CBS) Conley seemed to be a typica ...
Source: CBS Denver   Full article at: CBS Denver 5 days ago, 11:08pm CDT
 

Update: 2

Will Virtual Reality Reshape Documentary Journalism?

Source: MIT Technology Review

Creative Industries Council Launches Create UK
One documentary filmmaker believes an immersive experience will make a more lasting impression on audiences.Facebook’s acquisition of Oculus VR in March 2014 for $4 billion brought a resurgence of interest in virtual reality to the mainstream, almost 30 years after the technology first entered the public consciousness. And while Oculus VR’s initial focus has been on video games, Mark Zuckerberg, Facebook’s CE ...
Source: MIT Technology Review   Full article at: MIT Technology Review 5 days ago, 11:00pm CDT
 

Update: 1

New iPhone App “WHATT” from WHATT, Inc. Is a Fresh, Simple, and Fun Way to Share Text Updates with Close Friends

Source: PRWeb

WHATT from WHATT, Inc. is the first iPhone app specifically designed to let users share text updates with their close friends by making posts personal, impactful, and fun. The new app has a variety of special features including no character limitation, personalized text colors, tagging capability in posts and comments, optional sharing to Facebook and Twitter, a “Favorites” list, a post views counter, and more.(PRWeb July 03, 2014)Read the full st ...
Source: PRWeb   Full article at: PRWeb 5 days ago, 10:59pm CDT
 

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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Leading our review center, Shane McGlaun (Google) knows technology inside out. His extensive experience in testing computer hardware and consumer electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
Shane can be contacted directly at shane@i4u.com.

 

 

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