In re Facebook Inc. IPO Securities and Derivative Litigation, (NASDAQ Actions) MDL No. 12-2389 (RWS)

On April 23, 2015, Plaintiffs agreed to a $26,500,000 settlement with The NASDAQ OMX Group, Inc. (“NASDAQ”), The NASDAQ Stock Market (the “Exchange”) and certain individual defendants on behalf of a class of investors who suffered losses caused by system-wide disruptions in the alleged negligent handling of the Facebook, Inc. initial public offering. This settlement with a national securities exchange is the first of its kind, and Lovell Stewart is Co-Lead Counsel for the Plaintiff Class. This settlement is in addition to the $62 million dollar NASDAQ accommodation plan which was previously announced on March 22, 2013. For more information, please contact Victor E. Stewart, Esq (vstewart@lshllp.com). or Fred T. Isquith, Esq. (fisquith@lshllp.com).