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Facebook is sued after stock plunge

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Facebook is sued after stock plunge

Facebook is sued after stock plunge
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Dado Ruvic(Reuters)
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NEW YORK (Reuters) - A shareholder of Facebook Inc <FB.O> on Friday filed the first of what could be many lawsuits against the social media company and Chief Executive Mark Zuckerberg following a 19 percent one-day plunge in Facebook's share price.

The complaint filed by James Kacouris accused Facebook and Zuckerberg of violating federal securities laws, and seeks class-action status and unspecified damages.

(Reporting by Jonathan Stempel in New York; Editing by Susan Thomas)

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