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.

BING NEWS:
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    A former FIFA official under criminal indictment in New York is entitled to defense costs from Lloyd’s of London underwriters ... notes that another policy with a $3 million limit issued by Chubb Ltd. unit Federal Insurance Co. has been exhausted. Mr. Li ...
    04/27/2016 - 11:21 pm | View Link
  • Unfriendly Fire: Shareholders Sue Facebook, Morgan Stanley
    co-founder and CEO Mark Zuckerberg and underwriters alleging violations of securities laws. Nasdaq OMX Group (NDAQ) was also sued on Tuesday over trading glitches that impacted the Facebook IPO, which raised $16 billion on Friday. According to a Reuters ...
    05/23/2012 - 3:30 am | View Link
  • The Morning Download: Facebook Flop May Alter Business Social Plans
    IT consultant Stephen Arnold tells CIO Journal that there will be a “lowering of expectations” for social media following the Facebook IPO. “There was this idea ... priced the stock too richly. “The underwriters completely screwed this up ...
    05/21/2012 - 11:31 pm | View Link
  • 101 Dumbest Moments in Business
    Amid efforts by Kazakhstan to prove it's not the backward land portrayed in the movie Borat, the nation's central bank misspells the Kazakh word for "bank" on its 2,000- and 5,000-tenge notes ... can get a piece of the IPO action. About 9,000 Vonage ...
    01/31/2007 - 11:00 am | View Link
  • SunTrust sued for role in Internet firm's aborted IPO
    A group of directors, officers and investors who planned to take an Internet company public in 1999 have sued ... underwriters recommended for the shares. According to the lawsuit, Comstar.net Inc. was strapped with $1 million in debt from the failed IPO ...
    11/30/2003 - 4:00 pm | View Link
  • More
BING SEARCH:
  • Facebook Sued, Subpoenaed About IPO
    Facebook and its IPO underwriters are being ... In response to the information about business ... declined to comment about the class action lawsuit. ABC News ...
    07/18/2016 - 6:41 am | View Website
  • Facebook, Banks, Sued Over IPO
    Facebook, Banks, Sued Over IPO ... Investors also said that although analysts at several underwriters had reduced their business ... Related Business News. Groupon ...
    07/14/2016 - 10:31 pm | View Website
  • Facebook, Underwriters Sued by Investor Over Share ...
    Facebook, underwriters sued by investor ... By Andrew Dunn Bloomberg News | 05.23.12 | 11:51 AM. Facebook Inc.’s initial public offering is getting less ...
    06/29/2016 - 6:42 am | View Website
  • Facebook lawsuit
    Facebook lawsuit ... continued from the social network's botched initial public offering. Facebook Inc.'s ... Business notes | Facebook, underwriters sued by IPO ...
    04/17/2016 - 9:21 am | View Website
  • Facebook Wins Appeals Court Ruling in Shareholder Lawsuit ...
    Facebook Wins Appeals Court Ruling in Shareholder Lawsuit Over IPO. by ... warn its underwriters, ... against Facebook itself over the IPO. Facebook began ...
    07/23/2015 - 9:28 pm | View Website
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