[post] InvestorPlace – Stock Market News, Stock Advice & Trading Tips Renren (NYSE: RENN ) stock is falling hard on Thursday following an update on a $300 million court case against the Facebook of China. Source: Gil C / Shutterstock.com The court case has to do with a settlement in derivative litigation for holders of RENN stock. This is connected to a prior lawsuit against leaders of the company for allegedly syphoning funds from its investment portfolio to their own pockets. Judge Andrew Borrok weighed in on the court case via a teleconference. The judge’s stance is current investors in…