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Zuckerberg faces insider-trading lawsuit for 'selling Facebook stocks before crash'
Facebook investors have filed a class action lawsuit against the social network's co-founder Mark Zuckerberg, alleging that he had inside information that the company's stock was overvalued that led to his dumping of shares ahead of their post-IPO collapse.
According to TMZ, the suit alleged that Zuckerberg hid from most investors the fact that the Facebook business model was not built to sustain
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