Monday, May 20 2013 9:17 PM EDT2013-05-21 01:17:01 GMT
Alabama Governor Robert Bentley issued this statement following the devastating tornado that killed numerous people in Oklahoma Monday:"Dianne and I are offering prayers of support for everyone in Oklahoma. TheMore >>
Alabama Governor Robert Bentley issued this statement following the devastating tornado that killed numerous people in Oklahoma Monday:More >>
Monday, May 20 2013 9:15 PM EDT2013-05-21 01:15:38 GMT
A massive tornado touched down to the southwest of Oklahoma City Monday afternoon. Starting out as a classic funnel it quickly became a giant half-mile wide wedge tornado as it proceeded east north eastMore >>
A massive tornado touched down to the southwest of Oklahoma City Monday afternoon.More >>
Monday, May 20 2013 9:07 PM EDT2013-05-21 01:07:48 GMT
(RNN) – A day after long track tornadoes devastated Shawnee and Edmond, OK, another round has begun near Oklahoma City.KOCO broadcast a slow rotating cloud that slowly extended down towards the groundMore >>
At least 51 have died in a storm the National Weather Service described as large and violent.More >>
Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times.More >>
After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr...More >>
By CHRIS TALBOTT AP Music Writer Ray Manzarek, the keyboardist who was a founding member of The Doors, has died. He was 74.More >>
By CHRIS TALBOTT AP Music Writer Ray Manzarek, a founding member of The Doors whose versatile and often haunting keyboards complimented Jim Morrison's gloomy baritone and helped set the mood for some of...More >>
MONTGOMERY, AL (WSFA) -
Former Alabama Attorney General Troy King is filing a Class Action lawsuit against social media giant Facebook, Inc. The suit is filed on behalf of investors who took advantage of the initial public offering of Facebook's stock and alleges violations of federal securities laws.
The Montgomery, Alabama based law firm of King & Nix, along with a second firm, Morgan & Morgan, filed the suit in the U.S. District Court for the Southern District of New York.
The suit alleges that the registration statement issued in connection with the IPO was false and misleading in violation of the federal securities laws.
It also contends that Facebook failed to disclose information that the company was experiencing, and anticipating, a significant drop in revenue due to an increase in Facebook users accessing the network through mobile devices.
Facebook raised more than $16 billion during its transition from a private to a publicly traded company.
"Nothing makes me angrier than to see Alabamians become the victims of corporate greed. This lawsuit is an effort to hold those responsible to account," said Mr. King.
Facebook, the world's largest social networking site, claims nearly 1 billion users as members of its network.