NEW ORLEANS, April 20, 2018 /PRNewswire/ -- ClaimsFiler,
a FREE shareholder information service, reminds investors that they
have until May 21, 2018 to
file lead plaintiff applications in a securities class action
lawsuit against Facebook, Inc. (NasdaqGS: FB), if they purchased
the Company's shares between February 3,
2017 and March 23, 2018,
inclusive (the "Class Period"). This action is pending in
the United States District Court
for the Northern District of California.
Get Help
Facebook investors should visit us at
https://www.claimsfiler.com/cases/view-facebook-inc-securities-litigation-2
or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
Facebook and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
The alleged false and misleading statements and omissions
include, but are not limited to, that: (i) the Company had engaged
in a practice of allowing third party companies to access the
personal data of millions of users without their consent for
advertising and political research, in violation of its own data
privacy policies; (ii) the discovery of those actions would likely
result in increased scrutiny and/or fines by government
regulators; and (iii) as a result of the foregoing,
Facebook's financial statements were materially false and
misleading at all relevant times.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. ClaimsFiler's
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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