Facebook Inc.’s initial public offering has prompted a dash to the courthouse by plaintiffs attorneys representing shareholders who invested in the social media giant. At least four securities class action firms said yesterday they were in the process of filing lawsuits in the U.S. District Court for the Southern District of New York on behalf of Facebook shareholders.

Robbins Geller Rudman & Dowd already has filed suit, naming Facebook, its executives and the IPO’s underwriters, which include Morgan Stanley, JP Morgan Chase & Co. and The Goldman Sachs Group Inc. The plaintiffs allege the defendants misled investors about Facebook’s financial health, resulting in the loss of billions of dollars as the stock’s price fell following the IPO.

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