<p>NEW YORK The legal fallout from Facebook Inc.'s botched initial public offering last year isn't over, although regulators approved the $62-million plan by Nasdaq OMX Group Inc. to repay brokerages that lost money in the debacle.</p><p>The U.S. Securities and Exchange Commission's approval Monday does not stop the government or other parties from taking further legal action against Nasdaq for losses suffered in the Facebook IPO fiasco in May.</p><p>Swiss banking giant UBS, for one, tallied its losses at $357 million and wants more money back than the settlement could offer.</p><p>The bank has condemned Nasdaq's plan "as inadequate and insufficient" and said Monday that it would still seek to recover through arbitration "the full extent of our losses." UBS criticized Nasdaq for its "gross mishandling" of the Facebook IPO and "substantial failures to perform its duties."</p><p><a href="http://www.latimes.com/business/la-fi-facebook-nasdaq-20130326,0,5248632.story">Keep reading...</a></p><p>Read also:</p><p><a href="http://bostonglobe.com/business/2013/03/25/sec-approves-nasdaq-million-facebook-ipo-settlement-new-york/dsQGhqwT6lpFmsMvAYpzfL/story.html">Nasdaq pays $ 62m in Facebook flub</a> (Boston Globe)</p><p><a href="http://www.reuters.com/article/2013/03/25/us-sec-nadsaq-facebook-idUSBRE92O0DL20130325">US approves Nasdaq payback plan for Facebook IPO, UBS unhappy</a> (Reuters)</p><p><a href="http://www.washingtonpost.com/business/economy/sec-clears-nasdaqs-facebook-settlement-uk-firm-to-import-natural-gas-from-us/2013/03/25/c4282dae-9581-11e2-b6f0-a5150a247b6a_story.html">SEC clears Nasdaq&#039;s Facebook settlement; UK firm to import natural gas from US</a> (Washington Post)</p><p>Explore: <a href="http://news.google.com/news/more?ncl=dMAm5DjoiuUoK7MW6Q5Vf3DBvCZQM&ned=us">67 additional articles.</a></p>