The shareholder lawsuit against Facebook and its banking partners argues they made a "severe and pronounced reduction" to the company's revenue projects days before the initial offering but hid it from the public.
What did the Morgan Stanley know about Facebook, when did it know, and who did it tell? Shareholders prepare to sue the bank and Facebook over how the public offering of stock was handled.
The oil company hopes to avoid long delays in its plans to start offshore drilling in the Alaskan Arctic Ocean. But a preemptive lawsuit may create more problems than it solves.
A Los Angeles woman sued the carmaker for saying that the Civic hybrid she bought could get 50 miles per gallon of gas, when the most she got was 42. She won $10,000 in court.
