It is said that, Facebook initial public response to the anger of investors, the company on Friday signed a joint motion to resolve more than 40 class-action lawsuit launched against the company and demanded the merger of the cases handed over to the New York Federal Court.
Facebook in 24 applications, basically illustrates Facebook's strategy, Facebook claimed that the company's initial public offering in the whole or the process is basically no mistakes. leather case for ipad
Facebook application also pointed out the shortcomings of the Nasdaq of Exchange FacebookIPO process, there have been technical problems and other trade-related errors, the impact of Facebook stock. Nasdaq had also been admitted was caused by market uncertainty and led to damage to the investors. "
Facebook the first day of trading, many investors attention was turned to Facebook listed before the S-1 file amendments at the last moment, especially the updates on May 9, Facebook update file further emphasized in weakness on the mobile platform, the company has been working in the field to find an effective monetization strategy. iPhone cases wholesale
Facebook argued that the company and its underwriters and not doing anything wrong. Just as Facebook said in a joint motion: "The plaintiff relies heavily on allegations of Facebook, Facebook after the listing of various reports, but they ignore Facebook and underwriters have followed the customary practice, and does not violate any rules." As Facebook pointed out that it is not required to disclose any information beyond the content of the application in its S-1 documents, Facebook said: "In 2005, the U.S. Securities and Exchange Commission refused to amend the rules to require the company to the initial public forecast or other forward-looking information described in the issue of registration forms. "
Facebook most of the length of the documents outlined the Nasdaq has committed a shocking error in Facebook's IPO May 18. Facebook's lawyers cautioned: "Due to the Nasdaq's software system problems, Facebook's stock trading has been delayed, which undermines the orderly execution of transactions and price levels." BlackBerry Cases
According to reports, the Nasdaq declined to comment.
It is understood that Facebook IPO underwriters such as Morgan Stanley, Goldman Sachs and JP Morgan will also be participating in the joint motion. Facebook shares rose 3.64 percent in afternoon trading on June 15.
Facebook in 24 applications, basically illustrates Facebook's strategy, Facebook claimed that the company's initial public offering in the whole or the process is basically no mistakes. leather case for ipad
Facebook application also pointed out the shortcomings of the Nasdaq of Exchange FacebookIPO process, there have been technical problems and other trade-related errors, the impact of Facebook stock. Nasdaq had also been admitted was caused by market uncertainty and led to damage to the investors. "
Facebook the first day of trading, many investors attention was turned to Facebook listed before the S-1 file amendments at the last moment, especially the updates on May 9, Facebook update file further emphasized in weakness on the mobile platform, the company has been working in the field to find an effective monetization strategy. iPhone cases wholesale
Facebook argued that the company and its underwriters and not doing anything wrong. Just as Facebook said in a joint motion: "The plaintiff relies heavily on allegations of Facebook, Facebook after the listing of various reports, but they ignore Facebook and underwriters have followed the customary practice, and does not violate any rules." As Facebook pointed out that it is not required to disclose any information beyond the content of the application in its S-1 documents, Facebook said: "In 2005, the U.S. Securities and Exchange Commission refused to amend the rules to require the company to the initial public forecast or other forward-looking information described in the issue of registration forms. "
Facebook most of the length of the documents outlined the Nasdaq has committed a shocking error in Facebook's IPO May 18. Facebook's lawyers cautioned: "Due to the Nasdaq's software system problems, Facebook's stock trading has been delayed, which undermines the orderly execution of transactions and price levels." BlackBerry Cases
According to reports, the Nasdaq declined to comment.
It is understood that Facebook IPO underwriters such as Morgan Stanley, Goldman Sachs and JP Morgan will also be participating in the joint motion. Facebook shares rose 3.64 percent in afternoon trading on June 15.
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