Speaking of lawsuits, what’s happening with all the complaints filed against Facebook, its underwriters and Nasdaq following its poorly received and even more poorly executed IPO last May? As I wrote then and as the brothers Winklevoss know, “Facebook and CEO Mark Zuckerberg have proved in the past to be tough defendants who don’t cave.” That could set this case apart from the typical suits like this, in which the corporate defendants pay off the plaintiffs’ lawyers with a quick settlement. As Facebook’s stock continues to struggle following disappointment with the revenue growth numbers reported in the company’s first post-IPO earnings statement, have the plaintiffs dug in harder? What about the defendants?

Steven Brill , the author of Class Warfare: Inside the Fight To Fix America’s Schools, has written for magazines including New York, The New Yorker, Time, Harper's, and The New York Times Magazine. He founded and ran Court TV, The American Lawyer magazine, ten regional legal newspapers, and Brill's Content magazine. He also teaches journalism at Yale, where he founded the Yale Journalism Initiative.