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Days after a law firm launched a class-action lawsuit on behalf of investors against Facebook and its bankers, alleging that certain investors were given preferential treatment, Facebook’s shares dipped during Tuesday's trading to near $29, more than 20% under its IPO price.

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Michael Hayden, who will probably replace outgoing CIA chief Porter Goss, told Congress in 2002 that all domestic surveillance was consistent with the FISA law--knowing full well of Bush's warrantless eavesdropping program.

  • The Fraud and False Statements statute (18 U.S.C. 1001) makes Hayden?s misleading statements to Congress illegal, according to a Clinton-era national security official.
  • See a Time article on Hayden's impending appointment.
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