On or around 12/02/2016 (Ongoing date of last review)
Filing Date: November 22, 2016
The Complaint alleges as a direct result of Defendants’ false statements and omissions, shareholders purchased or held Facebook stock believing that the Company had the ability to sustain growth in paid advertising, and could successfully execute its paid advertising plan and related metrics. All the while, however, Defendants knew that significant errors with the Facebook metrics were inflating and misrepresenting the volume and duration of Facebook ad views, and that the eventual disclosure of such errors would result in plunging ad sales.
Company & Securities Information
Defendant: Facebook, Inc.
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: FB
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Aurangzeb Nagy , et al. v. Facebook, Inc., et al.
COURT: D. Nevada
DOCKET #: 16-CV-02683
JUDGE: Hon. James C. Mahan
DATE FILED: 11/22/2016
CLASS PERIOD START: 04/01/2015
CLASS PERIOD END: 11/16/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Eglet Prince 400 South 7th Street, Suite 400 , Eglet Prince , NV 89101 702-450-5400 702-450-5451 ·