Facebook has faced a multitude of lawsuits since going public, and now there's a legal predicament with a Central Texas tie.
Austin Business Journal Editor Colin Pope said Austin lawyer Bogdan Rentea bought about 350 shares of Facebook stock for about $40 a pop. Now, the stocks are trading for much lower.
Bogdan filed papers June 6, asking a local judge to question Faceboook officials to see if they were forthcoming with information about the initial public offering.
Find out more in this edition of “Business Now” in the video above.