North Carolina Retirement Systems Leads Charge to Sue Facebook Underwriters

North Carolina Retirement Systems (NCRS) based in Raleigh is a public pension system leading the charge with a group of institutional investors in regards to Facebook’s initial public offering (IPO). The plaintiffs include Facebook investors who state they lost money and accuse the defendants in the case of selectively disclosing unappealing information about its business forecasts to Wall Street analysts who then shared it with privileged clients. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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