Jun 15, 2012 09:01 AM EDT
Facebook is set to file a motion to consolidate all the shareholder lawsuits against the social network site, and is expected to place some blame on the Nasdaq for its botched IPO when it files the motion, the New York Times reported Thursday.
Follow us
The document, which could be filed in the District Court for the Southern District of New York as early as Friday, will provide some perspective on Nasdaq's role on listing day and the effect the exchange's action had on the stock's trading activity, the paper said, citing a person with knowledge of the matter.
The lead underwriters for the initial public offering, Morgan Stanley, Goldman Sachs and JPMorgan Chase, are also expected to join the motion, the paper reported.
Nasdaq has been widely criticized for poor communication during and after the Facebook IPO, the most highly anticipated market debut in recent memory, and for failing to apologize for the technical problems in the first hours of trading of Facebook shares.
Officials at Facebook and Nasdaq could not be reached for comment outside usual business hours.
Copyright 2013 Thomson Reuters. All rights reserved.
Nokia Lumia Windows Phone 8 quad-core smartphone shows up in benchmarks 
AT&T Galaxy Note 8.0 LTE costs $399.99 on contract, $199.99 with smartphone bundles 
AMD moves from Intel's x86 platform to ARM for servers 
Windows Phone 8 GDR2 update reportedly coming in July 
What to expect from Facebook's June 20 event 
