Mealey's (October 9, 2020, 1:17 PM EDT) -- NEW YORK — A federal district court did not err in rejecting a Facebook Inc. shareholder’s objections to a $35 million settlement in a securities class action lawsuit stemming from the company’s initial public offering (IPO) because class representatives acted within their discretion in not bringing federal securities law claims against one of the underwriters associated with the IPO, a Second Circuit U.S. Court of Appeals panel ruled Sept. 23 (In re Facebook Inc. IPO Class Action Settlement, No. 18-3845, 2nd Cir., 2020 U.S. App. LEXIS 30611)....