Facebook on Wednesday said it would "vigorously" defend itself as a form of rejection of the lawsuit for the New York investor for 16 billion U.S. dollars (about Rp 150.04 trillion) at the initial public offering last week.
"We believe the lawsuit is without merit and we will endeavor to defend themselves," said a spokesman for Facebook.
Brian Roffe Profit Sharing Plan and two other investors sued Facebook and the major underwriters in New York court, accusing them of holding back important information from small investors ahead of the Initial Public Offering (IPO) on Friday.
They said that the document issued by the company's IPO and underwriter "contains untrue statements" and the loss of other important information for investors, in violation of securities laws.
Facebook went public last Friday in the second-largest IPO ever, but the stock fell 18 percent after the allegations.
Several other law firms announced class action investor claims against the social networking giant and underwriters on the same thing.
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