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epa03231650 (FILE) A file photo dated 18 May 2012 showing pedestrians reflected on window with the Facebook logo on display at the NASDAQ headquarters in Times Square, New York, New York, USA. Facebook Inc and the underwriters of its initial public offering (IPO) face legal action and the scrutiny of regulators as investor anger mounts over its falling share price. A class-action suit was filed 22 May 2012 in a California court against the social-networking company, its officers and underwriters alleging the lead underwriters had cut their earnings forecasts for Facebook ahead of Friday's IPO and disclosed the information only to a handful of large investors. Facebook's stock slid 8.55 per cent 22 May after tumbling 11 per cent 21 May, bringing its price to 31.12 dollars per share. EPA/ANDREW GOMBERT