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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    Chet Kanojia wasn’t surprised when the multi-billion dollar broadcast industry sued him. In fact, he was planning on it. As the CEO of Aereo, a New York-based startup ... Those streams—one per customer, the company notes—are then sent over the ...
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    Citigroup was one of the underwriters of the Facebook IPO ... “My boss would eat me alive.” Facebook’s IPO became controversial after it was sued by investors who alleged that the social-media site did not disclose enough information on the state ...
    10/28/2012 - 8:36 pm | View Link
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    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 - 3:37 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 - 7:31 pm | View Link
  • Zynga stock continues to wilt
    On Friday, when Zynga launched its IPO, the stock closed ... that may be overly dependent on Facebook, where 94 percent of its revenue is generated from social games like Farmville. But as The Wall Street Journal notes, Zynga’s stock has not been on ...
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