[Reuters] Facebook and banks ask U.S. judge to throw out IPO lawsuit

Posted by: UGN Security

[Reuters] Facebook and banks ask U.S. judge to throw out IPO lawsuit - 05/01/13 04:36 PM

(Reuters) - Facebook Inc, its Chief Executive Mark Zuckerberg and dozens of banks asked a federal judge to throw out a lawsuit accusing the social media company of misleading investors about its financial condition before its $16 billion initial public offering a year ago.