Business Notes | Facebook, Underwriters Sued By Ipo Investors

Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co. were sued along with other underwriters and Facebook Inc. by investors who claimed they were misled in the purchase of the social network firm's stock.

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  • The Morning Download: Facebook Flop May Alter Business Social Plans
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    for the IPO of Google to operate in a way that benefited both Google and its investors. But after the initial hoopla, the promise of what Hambrecht was trying to do -- give the market, rather than the underwriters, the chance to set the price -- largely faded.
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