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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    of Akebia. Triathlon owns nearly 9 percent of the company. Novartis Bioventures, a unit of Swiss drug company Novartis International, owns 25 percent. Morgan Stanley & Co., Credit Suisse Securities and UBS Securities …
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  • Citigroup fires 2 after Facebook disclosures elicit $2 million fine
    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 ...
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  • 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 - 3:37 am | View Link
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