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
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
Salvatore Graziano Selected One of the “Top 100 Trial Lawyers” in Nation by Benchmark
Law360 Profiles Salvatore Graziano as a "Securities MVP"
December 6, 2016
Law360 Profiles Salvatore Graziano as a "Class Action MVP"
November 10, 2015
Law360 Names Salvatore Graziano a "Securities MVP"
November 23, 2016
Law360 Names Salvatore Graziano and David Stickney as National Legal “MVPs”
November 9, 2015
Benchmark Gives BLB&G its Top Ranking for the Ninth Year in a Row
Benchmark Names Seven BLB&G “Litigation Stars”
Benchmark Once Again Names Seven BLB&G “Litigation Stars”