Facebook Inc. and other defendants in the securities class action case over the social media company’s bungled $16 million initial public offering told a federal judge they would object to some of the terms in the $31 million proposed partial settlement of the case.

Nasdaq is represented by William A. Slaughter, Stephen J. Kastenberg, Margaret Osborne Padilla, Alan S. Petlak and Paul Lantieri III of Ballard Spahr LLP.

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