Tuesday, June 5, 2012

Facebook IPO: Shareholders Continue To Sue Zuckerberg



Suing Mark Zuckerberg is turning into a national pastime, HuffPo writes.   On June 1, three Facebook shareholders -- David Goldberg, Kevin Hyms and Garrett Garrison -- filed a class action suit against Zuckerberg and his company, social networking giant Facebook, according to court records. The suit accuses Zuckerberg, along with a gallery of Facebook executives and underwriters, of withholding key information from mom-and-pop investors about the true value of the company before its May 18 Nasdaq debut.

If this sounds like a familiar complaint, there's a good reason. The suit filed by Goldberg, Hyms and Garrison is at least the 13th to be brought against Facebook since the company went public.

"I'm sure there will be more," said Andrew Goldenberg, one of the attorneys representing Goldberg, Hyms and Garrison, in a conversation with The Huffington Post this week. "This is something that's affected thousands of people…."




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