It was announced this week that the boards of NASDAQ OMX Group and The NASDAQ Stock Market are seeking a review by the Securities and Exchange Commission of a one-time voluntary accommodations program for members who were disadvantaged by technical problems that happened during the Facebook (FB) IPO on May 18. The technical problems have been remedied according to an […]

As of today, Facebook (FB) shares have fallen roughly 18.4 percent from their $38 IPO price, within the first three days of trading, reducing the value of stock sold in the IPO by more than $2.9 billion. It was announced that Facebook, Inc., Facebook Chief Executive Officer Mark Zuckerberg, and the banks, including Morgan Stanley, are being sued by shareholders,  […]

Soreide Law Group is currently investigating claims against brokers who have over concentrated their clients into Facebook stock. Amazingly, Facebook's p/e (Price to Earnings) ratio is 105 to 1.  Consider for a moment that a fairly valued stock is normally around 15 to 1.  Apple, for example, is 13 to 1, Microsoft is 11 to […]