Indian-origin investment advisor jailed for Facebook stock fraud
In 2011 and 2012, Movalia raised more than USD 9 million from 130 investors by falsely claiming to have access to pre-initial public offering shares of Facebook.
Nov 05, 2015, 10:14 AM IST
Facebook defeats shareholder litigation over IPO
A federal appeals court on Friday said Facebook Inc officials including Chief Executive Mark Zuckerberg cannot be sued by shareholders who said the social media company concealed threats to its growth prospects before its May 2012 initial public offering.
Jul 24, 2015, 23:39 PM IST
Alibaba IPO legal fees dwarf Facebook's IPO
Alibaba Group Holding Ltd disclosed on Friday that it would pay USD15.8 million in legal fees to law firm Simpson Thacher and other attorneys who advised the Chinese e-commerce giant on its upcoming IPO, six times what Facebook paid its counsel two years ago.
Sep 06, 2014, 13:29 PM IST
Facebook says SEC's IPO probe ends, extending WhatsApp closing date
Facebook Inc said the U.S. Securities and Exchange Commission dropped its probe into the social networking company over events surrounding its controversial initial public offering.
Jul 26, 2014, 12:29 PM IST
