Seek news on
InfoAnda
powered by
Google
Custom Search

Last text search :
2016 wso 2.5 rw-r
2017 #1 smp wso rw-r

wso-drwxr-xr-x-smp.php-(writeable).php
2017 #1 smp wso rw-r
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php


Thursday, 20 September 2012 - U.S. judges to decide venue for Facebook lawsuits |
  • Pakistanis angry over detentions in Times Sq. case
    Monday, May 24, 2010
    ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
    They
  • Taiwan denies boycotting Australian film festival
    Thursday, August 6, 2009

    AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
  • Merkel's support dips, regional ally resigns International
    Thursday, September 3, 2009

    By Sarah Marsh and Noah Barkin

    BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
  • Minister seeks closure of anti-Berlusconi websites
    Wednesday, December 16, 2009
    ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
  • Asian markets mixed after Wall Street rally
    Wednesday, March 18, 2009

    By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
  • LCD Soundsystem raises glass to "Drunk Girls" | 25 April 2010
  • FCC to mull free Internet plan at December meeting | Technology | | 2 December 2008
  • Gazans find glimmer of luxury in thriving gold bazaar | 17 March 2010
  • China's Geely to put $900 million more into Volvo | 30 March 2010


    Forum Views () Forum Replies ()

    Read more with google mobile : U.S. judges to decide venue for Facebook lawsuits |

      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Anatole Kaletsky Reihan Salam Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (1) Slideshow Counterparties: Today's Best Links Medicine gone horribly wrong Fortune dives into a medical device giant's decision to illegally test a bone cement on patients, which reportedly resulted in at least five deaths.  Read more at Counterparties   Debt colletor's latest tricks The importance of Occupy Wlal Street Get Counterparties delivered to your inbox! Follow Reuters Facebook Twitter RSS YouTube Read Cartoons in French weekly fuel Mohammad furor 3:58pm EDT Study on Monsanto GM corn concerns draws skepticism 12:58pm EDT Richest Americans' net worth jumps to $1.7 trillion: Forbes 3:08pm EDT Analysis: NATO pullback heightens doubts about Afghan strategy | 18 Sep 2012 Analysis: Despite his rhetoric, Romney needs the "47 percent" to win 2:55pm EDT Discussed 267 New video shows Romney saying Palestinians don’t want peace 123 U.S. embassies attacked in Yemen, Egypt after Libya envoy killed 118 Romney derides Obama supporters in hidden camera speech Sponsored Links Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption  Never too old A look at seniors living life and proving that "you are as young as you feel."  Slideshow  Lindsay Lohan's woes Lindsay Lohan was arrested for leaving the scene of an accident in lower Manhattan.  Slideshow  U.S. judges to decide venue for Facebook lawsuits Tweet Share this Email Print Related News Jury could decide sticky issues of September 11 airlines lawsuit Tue, Sep 11 2012 Court revives mortgage debt class-action vs Goldman Thu, Sep 6 2012 Facebook rules out share sale to cover tax bill Wed, Sep 5 2012 Facebook hits new low after price target cuts Fri, Aug 31 2012 SEC appeals in bid to help Stanford victims file claims Fri, Aug 31 2012 Analysis & Opinion Barfi!: The sweet life Barfi!: A sweet film which has its moments Related Topics Tech » Media » Facebook » 1 of 2. Facebook website pages opened in an internet browser are seen in this photo illustration taken in Lavigny May 16, 2012. Credit: Reuters/Valentin Flauraud By Tom Hals and Basil Katz Wed Sep 19, 2012 2:03pm EDT (Reuters) - Before Facebook Inc investors can pursue their court fight over the social network's problematic stock market debut, a panel of federal judges must decide whether to put the cases under one roof and, if so, where. The Judicial Panel on Multidistrict Litigation is due to hear arguments in Manhattan federal court on Thursday over how several dozen investor and shareholder lawsuits can proceed. The cases are widely expected to go to a judge in New York, although some investors whose cases are in California want the litigation to remain in San Francisco, near Facebook's home turf, for easy access to witnesses and documents. A few cases were also filed in federal courts in Florida and the District of Columbia, and in California state court. Investors sued Facebook after its May 18 initial public offering, which was marred by technical glitches at the NASDAQ exchange and accusations that the company selectively disclosed unflattering information about its business prospects to privileged investors. The lawsuits, which are seeking unspecified damages, could cost Facebook millions of dollars to defend, as it strives to put the disastrous IPO behind it. Facebook's stock tumbled as much as 50 percent after its debut at $38 per share. It was trading at $22.63 in early afternoon on Wednesday. In at least 33 lawsuits seeking class action status, investors have asked courts to hold the company and its underwriters responsible for causing their losses. Facebook has said that it did not violate any rules and that NASDAQ was to blame for trading glitches on the day of the offering. Representatives for Facebook declined to comment. An attorney for NASDAQ OMX Group Inc, which is also facing a number of lawsuits, did not respond to a request for comment about Thursday's hearing. AVOIDING DUPLICATION Grouping cases together keeps similar lawsuits from proceeding at the same time in different courts. Otherwise "It's a burden and waste on the judicial system," said Stanford University law professor Joseph Grundfest. "Why have 50 judges decide the same thing 50 times?" Facebook will argue on Thursday before a panel of 11 judges that U.S. District Judge Robert Sweet in Manhattan should try the cases. The panel, which meets periodically to decide where wide-ranging litigation should be consolidated, is expected to issue a decision within weeks. New York is "the center of gravity" of the case because witnesses, evidence relating to the IPO, and the underwriter banks are all in that city, Facebook said in court filings. Sweet was randomly assigned the first complaint filed against Facebook in New York, and all other similar cases filed in Manhattan federal court have since been added to his docket. Since many of the plaintiffs agree with Facebook and also argue against splintering the cases across different courts, lawyers observing the case expect the panel to hand the case to Sweet. Many of the bigger investors, including pension funds such as the North Carolina Retirement Systems, have already begun petitioning Sweet to name them lead plaintiff so they can direct the litigation. A handful of plaintiffs have said that San Francisco would be a better venue for some of the litigation and that the judge there, Maxine Chesney, is a better pick because she has handled complex cases like this. Following selection of the lead plaintiffs and lead law firms, the defendants are likely to ask the judge to dismiss the claims against them. If the lawsuits proceed, plaintiffs will be able to demand documents and access to witnesses to help them build their cases. Surviving a motion to dismiss also greatly increases the likelihood of a settlement. Besides the class actions, about a half dozen so-called derivative lawsuits seek to hold Facebook's board and chief executive officer, Mark Zuckerberg, responsible for damage they claim was done to the company. In a derivative lawsuit, the shareholder sues on behalf of the company, which receives any judgment or settlement. Also, at least 13 lawsuits seek to pin the blame for investor losses on NASDAQ, claiming it was negligent in failing to execute trades in the face of record-breaking volume during the IPO. Lawyers have said they expect those cases, which also seek class action status, to go to Sweet, but they might proceed on a separate track from the Facebook lawsuits. The case is In Re: Facebook Inc, IPO Securities and Derivative Litigation, U.S. Judicial Panel on Multidistrict Litigation, No. 12-md-2389. (Reporting by Tom Hals in Wilmington, Delaware, and Basil Katz in New York; Editing by Lisa Von Ahn) Tech Media Facebook Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) sjtom wrote:   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

    Other News on Thursday, 20 September 2012
    U.N. chief says anti-Islam filmmaker abused freedom of expression |
    Actress sues California man linked to anti-Muslim film |
    U.S. official says Benghazi consulate was terrorist attack |
    Israeli air strike kills 3 Hamas officers in Gaza |
    News Corp investors press to keep hacking lawsuit alive |
    Iran says six powers to meet before more nuclear talks |
    Banking group warns of heightened Internet threat |
    Nasdaq defends Facebook compensation plan-letter to SEC |
    AOL names new CFO |
    Adobe third quarter EPS in line, revenue falls short |
    Groupon launches credit card payment business |
    U.S. judges to decide venue for Facebook lawsuits |
    Lindsay Lohan arrested in NY for hitting pedestrian |
    Dave Matthews Band's Away From the World debuts at No. 1 |
    Disney film to show how Mary Poppins flew from book to screen |
    In Jonathan Demme's new film, there's hope after Katrina |
    Cartoons in French weekly fuel Mohammad furor |
    Exclusive: Western report
    In Spain, economic crisis fans Catalan separatism |
    India hit by national strike over economic reforms |
    South African miners return to work as unrest spreads |
    UK regulator clears BSkyB of links to hacking scandal |
    Kurdistan seals oil products deal with Baghdad |
    Actress sues California man behind anti-Muslim film |
    Bank group warns of heightened risk of cyber attacks |
    Sony game unit pegs profit hope on PS3, handhelds weak |
    HTC unveils two Windows phones, multiple customers |
    Google seen taking Facebook's crown in U.S. display ads |
    Salesforce launches new social media software to fend off competition |
    Why are 5 million kids on Facebook if it doesn't want them? |
    Sprint says passed 1 million sales of LTE phones |
    Google competition probe will be done by year end: trade agency |
    Singer Shakira pregnant with first child |
    No trouble with Curve at box office for new Eastwood movie |
    Egypt's mufti urges Muslims to endure insults peacefully |
    Syrian air strike kills at least 54: activists |
    Suicide bombers kill at least six in Somali capital |
    State Department warns Americans against travel to Pakistan |
    Libya offers further apology for U.S. envoy's death |
    Iraq denies airspace used by Iran to ship arms to Syria |
    Kenyan court jails confessed al Shabaab member for 59 years |
    Egypt street art vents anger at president after whitewashing |
    Microsoft, HP skirted taxes via offshore units: Senate panel |
    Exclusive: Wal-Mart stops selling Amazon Kindles |
    Exclusive: Facebook to charge merchants to run offers |
    EU's Almunia sees no solution yet to Google antitrust case |
    Microsoft says has fixed Internet Explorer flaw |
    Samsung to add iPhone 5 to U.S. lawsuits vs Apple |
    Casino mogul Adelson opens new resort in Macau |
    Fiscal cliff fears hit Scholastic's schools revenue |
    Greece at new risk of being pushed off euro
    Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
    Female Breasts Are Bigger Than Ever
    AMD Trinity Accelerated Processing Units Now in Volume Production
    The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
    AMD to Start Production of piledriver
    Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
    Islamists Protest Lady Gaga's Concert in Indonesia
    Japan Successfully Broadcasts an 8K Signal Over the Air
    ECB boosts loans to 1 trillion Euro to stop credit crunch
    Egypt : Mohammed Morsi won with 52 percent
    What do you call 100,000 Frenchmen with their hands up
    AMD Launches AMD Embedded R-Series APU Platform
    Fed Should not Ignore Emerging Market Crisis
    Fed casts shadow over India, emerging markets
    Why are Chinese tourists so rude? A few insights

    [InfoAnda] [Home] [This News]



    USD EUR - 1 year graph

    VPN on MacOSX

    BlogMeter 1.01