UPDATE: MAY 4, 2014
FACEBOOK’S LAWYERS / EXECUTIVES have ignored the strict liability lawsuit [no proof of damage requirement] sent to them. The securities lawsuit will bankrupt Facebook (FB) many times over. It has $648,000,000,000 in strict liability for every 1 million qualifying FB Shareholders. Investors beware.
April 18, 2018
Prescott Lovern, Sr. (Lovern) has delivered a securities lawsuit to Facebook that can actually bankrupt the corporation, its directors, officers & lawyers with no hurdles. Facebook is too arrogant, and their lawyers too incompetent, to understand just how much trouble they are in. Zuckerberg delivered the necessary “silver bullet” to take them down, and he didn’t even know he had done it, just like all the lawyers who have already sued them don’t know.
Lovern intends to start filing disciplinary complaints against Facebook’s lawyers, and he will start educating institutional investors to warn them about Facebook’s impending financial demise. Those 87 million victims can bring Facebook down like a lead balloon. Because management is so eat up with entitlement, Lovern feels they need to be put down financially, using the right lawsuit.
“I tried to help them” Lovern said, “but they are too damn impressed with themselves.” “You can’t help God, and they think they are God.”
This is going to be fun to watch.