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Detailed text transcripts for TV channel - FOXNEWS - 20120525:23:30:00

of computer trouble. today, more wall street firms coming forward. blaming glitches at nasdaq for costing them big. the fox business network s rich edson with the news live for us at the d.c. newsroom there. rich, tell us more about these huge damage claims. if you re an investor and you think you were illegally burned last week on facebook s initial stock sale, there are several lawmakers now very willing to speak with you. many have already filed class action suits claiming facebook withheld important financial information from the broader public. a report in the san jose mercury news claims one of the lawsuits asks for damages of a billion dollars. in response, a facebook spokesperson tells us the lawsuits regarding the ipo are without merit and we will defend ourselves vigorously, harris? harris: i understand nasdaq is also coming under fire. yeah there are suits claiming stockbrokers failed to act in the best interest of their customers. at the exchange nasdaq cost investors

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