05-14-2012, 11:34 PM
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Purveyor, Fine Asian Porn
Industry Role:
Join Date: Jul 2004
Location: San Francisco Bay Area
Posts: 38,323
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Quote:
Originally Posted by Socks
Isn't this the kind of thing that shareholders can sue over?
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I believe that at least one class-action lawsuit is underway as a result of the dismal stock offering:
Quote:
BOSTON, Dec. 5, 2011 /PRNewswire/ -- Block & Leviton LLP, which is the only law firm to file a securities class action lawsuit based on the May 11, 2011 public offering of FriendFinder Networks, Inc. (NASDAQ: FFN) ("FFN" or the "Company") common stock (the "May Offering"), reminds investors that the deadline to move for appointment as Lead Plaintiff is January 17, 2012. The lawsuit, captioned Greenfield Childrens Partnership v. FriendFinder Network, Inc. et al., 11-cv-81270, is pending in the United States District Court for the Southern District of Florida.
The lawsuit alleges violations of Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 on behalf of investors who purchased or otherwise acquired FFN common stock pursuant to the May Offering. The complaint asserts that FFN, its officers, directors and two underwriters, Ladenburg Thalmann & Co. Inc. and Imperial Capital LLC, made false and misleading statements and omissions in the Registration Statement and Prospectus dated May 10, 2011 and May 11, 2011, respectively. A copy of the complaint is available on the firm's website (www.blockesq.com).
You may contact the attorneys at Block & Leviton to discuss your rights in the case. You may also retain counsel of your choice and you need not take any action at this time to be a class member.
This notice may constitute attorney advertising.
SOURCE Block & Leviton LLP
Block & Leviton LLP
CONTACT: CONTACT: Whitney E. Street, Esq., [email protected], +1-617-398-5600
Web Site: http://www.blockesq.com
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Poor people that paid $10 a share... 
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