About the Author ValueWalk

ValueWalk was started in January 2010, with a focus on value investing and value investors. As the site has grown, the scope has expanded. ValueWalk is now a news site covering all breaking financial news with an emphasis on value investing, hedge funds, large asset managers, Tech news, and general business news. The site contains archives of famous investors, and many investor resource pages. The site is famous among the value investing community as one of the best sites for evergreen and new content. ValueWalk has gained popularity among all circles for its breaking stories on hedge funds, and investigative reports on investments by major funds.

Facebook Inc IPO Lawsuit To Be Settled By NASDAQ For $26.5M (FB)

Facebook Inc (NASDAQ:FB) will be compensated by NASDAQ OMX Group, which has agreed to pay $26.5 million to write off the class-action lawsuit, according to Reuters. The lawsuit relates to the social network’s $16 billion IPO, which was marred by a technological glitch that stalled the process.

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