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Facebook reaches USD 35 mln settlement over IPO info

Tuesday 27 February 2018 | 08:31 CET | News
Facebook and its CEO Mark Zuckerberg have reached a USD 35 million settlement of a class-action lawsuit accusing them of hiding worries about the social media company's growth prior to its May 2012 initial public offering. The settlement was filed in the federal court in Manhattan and won preliminary approval from the district judge, Reuters reports. 

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Categories: Internet
Companies: Facebook
Countries: World
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