EU Orders Elon Musk’s X to Preserve Grok AI Data Amid Probe Into Illegal Content 
Walmart to Join Nasdaq-100 Index as It Replaces AstraZeneca Following Exchange Move 
UBS Upgrades L’Oréal to Buy, Sees Strong Sales Momentum and 20% Upside 
China’s AI Sector Pushes to Close U.S. Tech Gap Amid Chipmaking Challenges 
xAI Cash Burn Highlights the High Cost of Competing in Generative AI 
Chevron Seeks Expanded U.S. License to Boost Venezuelan Oil Exports Amid Sanctions Talks 
AustralianSuper Backs BlueScope Steel’s Rejection of $9 Billion Takeover Bid 
BESI Reports Strong Q4-25 Orders Surge Driven by Data Center and Hybrid Bonding Demand 
Boeing 737 MAX 10 Advances in FAA Testing as Certification Delays Continue 
Vitol to Ship First U.S. Naphtha Cargo to Venezuela Under New Oil Supply Deal 
Hanwha Ocean Shares Rise on Plans to Expand U.S. Shipbuilding Capacity 
FCC Approves Expansion of SpaceX Starlink Network With 7,500 New Satellites 
HSBC Expands UAE Presence With New Asset Management Business and Onshore Funds 
Trump Calls for 10% Credit Card Interest Rate Cap Starting 2026 
Elon Musk Says X Will Open-Source Its Algorithm Amid EU Scrutiny 
Rio Tinto–Glencore Talks Spark Pressure on BHP as Copper Fuels Mining Mega Deals 
 and Lead Plaintiff Deadline: March 28, 2017 - EconoTimes)
NEW YORK, March 22, 2017 -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Facebook, Inc. (“Facebook” or the “Company”) (NASDAQ:FB) and certain of its officers, and is on behalf of shareholders who purchased or otherwise acquired Facebook securities between May 5, 2014 through December 9, 2016, both dates inclusive (the “Class Period”). Such investors are advised to join this case by visiting the firm’s site: http://www.bgandg.com/fb.
The class action lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the “Exchange Act”).
The Complaint alleges that throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) Facebook’s metrics to calculate the average time users spent watching videos was overestimated by between 60% and 80%; (2) Facebook provided inaccurate statistics to advertisers regarding the amount of activity their ads received on the Website; and (3) consequently, Defendants’ public statements were materially false and misleading at all relevant times. Once this information was made known to the investing public, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: http://www.bgandg.com/fb or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Facebook you have until March 28, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact: Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | [email protected]
