Securities,
Civil Litigation,
Corporate
Jul. 30, 2018
LA firm files ‘light speed’ class action against Facebook
Within a day of Facebook suffering the largest stock drop in history, Pierce Bainbridge Beck Price & Hecht LLP filed suit.
Within a day of Facebook suffering the largest stock value drop in history, a Los Angeles law firm filed a securities fraud class action against the company and its CEO Mark Zuckerberg in federal court in New York on Friday.
The complaint, filed by Pierce Bainbridge Beck Price & Hecht LLP, alleges from Oct. 1, 2017 through last Thursday Facebook made materially false and misleading statements regarding its business and operation...
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