Daniel S. Sinnreich

Paul Weiss discusses Claim Seeking Short-Swing Profit Disgorgement from IPO Underwriters

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In In re Facebook, Inc., IPO Securities & Derivative Litigation, 2014 WL 1760332 (S.D.N.Y. May 2, 2014), the U.S. District Court for the Southern District of New York rejected the argument that underwriters and selling stockholders in an IPO …