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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    Max Levchin founded PayPal with Peter Thiel in 1999 ... My theory was, very soon people in trucks will be taking notes about their cargo, and people in offices will be doing inventory, so this will be a device that has a place in enterprise.
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  • 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 ...
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  • Facebook Sued, Subpoenaed About IPO
    Facebook and its IPO underwriters are being sued and face pointed questions from lawmakers about whether they misled some investors before the largest tech IPO in the U.S.
    06/5/2018 - 9:52 pm | View Website
  • Chinese firm sued for allegedly inflating profits ahead of IPO
    Chinese firm sued for allegedly inflating profits ahead of IPO. ... The lawsuit also names ZTO IPO’s smaller underwriters China ... New York Post. Facebook; Twitter;
    07/20/2017 - 8:55 pm | View Website
  • Facebook faces IPO class-action lawsuits | Financial Times
    Facebook faces IPO class-action lawsuits. ... at Facebook, being sued by two classes of investors ... report that said the lead underwriters ...
    12/30/2015 - 2:40 pm | View Website
  • Facebook, banks sued over pre-IPO analyst calls | Reuters
    Facebook Inc and lead underwriter Morgan Stanley were sued by shareholders who claimed they hid the social networking company's weakened growth forecasts ahead of its $16 billion initial public offering.
    05/23/2012 - 7:58 pm | View Website
  • Facebook, underwriters sued over "secret" changes to ...
    Facebook’s record-setting IPO was the talk ... Facebook, underwriters sued over "secret ... Business Insider is reporting that Facebook investors ...
    05/23/2012 - 12:56 pm | View Website
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