NEW YORK – (BUSINESS WIRE) – October 27, 2021–
Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of buyers of securities of Facebook, Inc. (NASDAQ: FB) between November 3, 2016 and October 4, 2021 inclusive (the âClass Periodâ). The lawsuit seeks to recover damages for Facebook’s investors under federal securities laws.
To join the Facebook class action lawsuit, go http://www.rosenlegal.com/cases-register-2176.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action.
According to the lawsuit, the defendants throughout the litigation period made false and / or misleading statements and / or failed to disclose: (1) Facebook has distorted the growth of its users; (2) Facebook knew, or should have known, that duplicate accounts accounted for a larger part of its growth than reported, and it should have provided more detailed information on the implication of duplicate accounts for the database. users and the growth of Facebook; (3) Facebook failed to provide a fair platform for speech and regularly protected high profile users through its Cross Check / XCheck system; (4) despite being aware of their use of Facebook’s platforms, the Company has failed to respond meaningfully to drug cartels, human traffickers and violent organizations; (5) Facebook has made efforts to attract tweens to its platform and services; and (6) accordingly, the defendants’ public statements were materially false and misleading at all relevant times. When the real details entered the market, the lawsuit claims that investors have suffered damage.
A class action has already been filed. If you want to serve as the principal applicant, you must move the court no later than December 27, 2021. A principal plaintiff is a representative party acting on behalf of the other members of the class to direct the litigation. If you want to join the litigation, go to http://www.rosenlegal.com/cases-register-2176.html or to discuss your rights or interests in relation to this class action lawsuit, please contact Phillip Kim, Esq. from Rosen Law Firm at toll-free 866-767-3653 or by email at [email protected] or [email protected]
NO GROUP HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY A LAWYER UNLESS YOU REMEMBER ONE. YOU MAY RETAIN ANY BOARD OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. THE ABILITY OF AN INVESTOR TO PARTICIPATE IN ANY POSSIBLE FUTURE RECOVERY IS NOT DEPENDENT ON SERVING AS A PRINCIPAL COMPLAINANT.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosenâfirme or on Facebook: https://www.facebook.com/rosenlawfirm.
Rosen Law Firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013. The firm has been ranked in the top 4 every year since 2013. Rosen attorneys secured the largest securities class action settlement ever. against a Chinese company. Rosen Law Firm attorneys are ranked and recognized by many independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.
Lawyer advertising. Previous results do not guarantee a similar result.
View source version on businesswire.com:https://www.businesswire.com/news/home/20211027005970/en/
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, New York 10016
Phone. : (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL LEGAL SERVICES
SOURCE: Rosen Law Firm, Pennsylvania
Copyright Business Wire 2021.
PUB: 10/27/2021 2:07 PM / DISC: 10/27/2021 2:07 PM
Copyright Business Wire 2021.