Facebook, Zuckerberg, banks must face IPO lawsuit -judge

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    Technology News

    Zuckerberg sits for audience questions in an  interview for the Atlantic Magazine in WashingtonBy Jonathan Stempel NEW YORK (Reuters) – A federal judge said Facebook Inc, Chief Executive Mark Zuckerberg and dozens of banks must face a lawsuit accusing the social media company of misleading investors about its financial health before its $16 billion initial public offering last year. In a decision made public on Wednesday, U.S. District Judge Robert Sweet in Manhattan said investors could pursue claims that Facebook concealed material information from its IPO registration statement. …

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