Facebook is set to file a motion to consolidate all the
shareholder lawsuits against the social network site, and is expected to place
some blame on the Nasdaq for its botched IPO when it files the motion, the New
York Times Dealbook reports.
The document, which could be filed in the District Court for
the Southern District of New York as early as Friday, will provide some
perspective on Nasdaq's role on listing day and the effect the exchange's
action had on the stock's trading activity, the paper said, citing a person
with knowledge of the matter.
The lead underwriters for the initial public offering,
Morgan Stanley, Goldman Sachs and JPMorgan Chase, are also expected to join the
motion….
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