Levi & Korsinsky notifies investors that it has commenced an investigation of Facebook, Inc. ("Facebook" or the "Company") (NASDAQ: FB) concerning possible violations of federal securities laws.
On October 3, 2021, "60 Minutes" interviewed former Facebook data scientist Frances Haugen, who alleges that the company has been deceiving investors about how it has been dealing with hate speech and misinformation on its platform. Following the publication of this interview, Facebook and other related apps, such as Instagram and WhatsApp, experienced a widespread outage. It is currently unclear what the cause of the disruption is.
On this news, the Company's share price fell as much as 6% on October 4, 2021, thereby injuring investors. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500.
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Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington, D.C. The Firm's Founding Partners, Joseph Levi and Eduard Korsinsky, have been representing shareholders and institutional clients for almost 20 years and have achieved remarkable results for clients in the U.S. and internationally. The firm, with more than 80 employees, is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion for employees and those that we represent. Our attorneys have extensive expertise representing investors in securities litigation with a track record of recovering hundreds of millions of dollars in cases. Levi & Korsinsky was ranked in Institutional Shareholder Services' ("ISS") SCAS Top 50 Report for 7 years in a row as a top securities litigation firm in the United States. The SCAS Top 50 Report identifies the top plaintiffs' securities law firms in the country, and year after year, ISS has recognized Levi & Korsinsky as a leading firm in the area of securities class action litigation.
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