Facebook's wishes have been granted, at least for now. The dozens of lawsuits brought against the social network over its bungled initial public offering have been consolidated and will be heard before one federal judge in New York, according to Reuters.
Approximately 50 lawsuits have been brought against the social network, some of its underwriters, and the Nasdaq exchange. Earlier today, a panel of federal judges ruled that all of these cases will be collected throughout the U.S. and transferred to U.S. District Judge Robert Sweet in Manhattan.
According to Reuters, Facebook said that it was pleased … Read more