Facebook to be sued by shareholders

Help

The social networking site, Facebook, and several banks leading its flotation are to be sued by disgruntled shareholders.

A writ, filed in a Manhattan court, alleges that Facebook's revised growth figures were not disclosed to all investors.

US financial regulators have already said the Morgan Stanley may have questions to answer over the disclosure of information ahead of the floatation.

Rory Cellan-Jones reports.

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.