U.S. District Court Dismisses Suit In Facebook IPO, Says Company Disclosed Risks

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http://techcrunch.com – A U.S. District Court in New York dismissed a shareholder lawsuit that claimed Facebook executives including Mark Zuckerberg and COO Sheryl Sandberg didn’t disclose enough about risks to the company’s advertising business as consumers shifted to mobile devices. In a separate Facebook-related case against NASDAQ, the same judge denied a motion to move the case to a different court. It’s a win for Facebook as the company wades through a mess of litigation following its rocky IPO. “We are pleased with the court’s ruling,” the company said in a statement. The co (IT news)