A lawsuit against the "Facebook" for misleading investors

A lawsuit against the "Facebook" for misleading investors

U.S. judge calls for directing the suit to include Zakrberg and dozens of banks

Demanded a federal judge in New York under the guidance lawsuit against the "Facebook" and its chief executive Mark Zakrberg and dozens of banks on misleading investors ahead of its initial public offering.
Judge accused the company of hiding information about the investors that the increased use of mobile phone may reduce future revenue.
He added that the increased use of mobile communications have had the effect of "material adverse" to revenue at the time of IPO, which amounted to 16 billion dollars last year.