Facebook is sued after stock plunge

By REUTERS
July 27, 2018 23:44
Breaking news

Breaking news. (photo credit: JPOST STAFF)

NEW YORK - A shareholder of Facebook Inc on Friday filed the first of what could be many lawsuits against the social media company and Chief Executive Mark Zuckerberg following a 19 percent one-day plunge in Facebook's share price.

The complaint filed by James Kacouris accused Facebook and Zuckerberg of violating federal securities laws, and seeks class-action status and unspecified damages.


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