Salvatore Graziano Discusses Claims Against Facebook in Interview with Democracy Now!
May 29, 2012
Democracy Now!, an award-winning independent news program, recently reported on several legal actions against major companies and banks, including the litigation filed against Facebook, Morgan Stanley and other banks involved in the underwriting of Facebook’s public offering. BLB&G partner Salvatore Graziano, who is lead partner in the litigation, was interviewed as part of the program regarding the plaintiff’s claims in the case. He asserted that investors, who lost more than $2.5 billion in the days after Facebook was put up for sale, were misled:
“When you go public, when you raise money in the market, you are required to disclose material information. Here, what apparently happened, what’s being discussed, is that there was information put in the prospectus which was vague. And then, separately, people at Facebook, allegedly, were talking to Morgan Stanley and the other underwriters, giving them more information, adverse information. And that’s what these cases are about.”
External Link: Click here to view the full program. (link will open in a new window)
Also of Interest
Lawdragon Profiles BLB&G Partner Salvatore Graziano in “Lawyer Limelight” Q&A
October 1, 2018
Law360 Again Names Salvatore Graziano a 2018 “Securities MVP”
November 25, 2018
Benchmark Names Salvatore Graziano One of the “Top 100 Trial Lawyers” in Nation
August 18, 2016
Benchmark Again Names Salvatore Graziano One of the “Top 100 Trial Lawyers” in Nation
August 1, 2017
Law360 Profiles Salvatore Graziano as a "Securities MVP"
December 6, 2016
Law360 Names Salvatore Graziano a "Securities MVP"
November 23, 2016
Law360 Names Salvatore Graziano and John Browne as National Legal “MVPs”
November 25, 2018
The National Law Journal Names Salvatore Graziano and Hannah Ross 2019 Plaintiffs’ Lawyers Trailblazers
Salvatore Graziano named among Top 100 Attorneys in Super Lawyers 2018 New York Metro Edition
Benchmark Names Seven BLB&G “Litigation Stars”