Lead counsel announced for Facebook IPO litigation

These law firms will handle the lawsuits around Facebook’s flubbed entrance into the market

Facebook’s highly-anticipated initial public offering took a dark turn when a technical glitch at the stock exchange Nasdaq delayed the IPO by half an hour. Angry investors filed a lawsuit claiming that Nasdaq mishandled or delayed their purchase of Facebook stock. And on Thursday, we finally learned the names of the lucky law firms that get to try to sort out this mess.

For the cases against Facebook and its underwriters related to the IPO, Bernstein Litowitz Berger & Grossman LLP and Labaton Sucharow LLP will be co-lead counsel.

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