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Facebook fallout

Bill Ritter's daily take on the news.
May 23, 2012 1:32:19 PM PDT
It was the biggest and most hyped initial stock offering in U.S. history, so it figures that the fallout would also be huge - from investors who've so far lost money with Facebook stock.

I say "so far" because, like some other famously flopping IPO's that later turned around and made investors fabulously wealthy, Facebook could indeed turn around. Or at least that's what investors are hoping. Maybe even praying.

But now comes the fall out - the SEC looking into the IPO, as is the Attorney General of Massachusetts. And today in New York, a lawsuit filed - looking for class-action status - claiming that Facebook founder Mark Zuckerberg and others knew that their filing inflated company earnings.

We'll have the latest on the post-IPO brouhaha, tonight at 11.

Also at 11, our Darla Miles takes a look at the 7 ways that women can live a better life. They're a great reminder that peace of mind and a healthy body don't just happen.

We'll also have any breaking news of the night, plus Lee Goldberg's AccuWeather forecast, and Rob Powers with the night's sports. I hope you can join Sade Baderinwa and me, tonight at 11.

BILL RITTER

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