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.

  • Aereo CEO: Broadcasters “Profiteering” with a Doomed Business Model
    Chet Kanojia wasn’t surprised when the multi-billion dollar broadcast industry sued him. In fact, he was planning on it ... Those streams—one per customer, the company notes—are then sent over the Internet to a subscriber’s computer, laptop ...
    10/22/2013 - 7:57 am | View Link
  • Mark Zuckerberg saved $111m by selling Facebook shares before stock slumped
    Facebook, which is being sued as a company along with Mr Zuckerberg, other leading executives at the company and its lead underwriters – Morgan Stanley and Goldman Sachs – has denied the claims. Another lawsuit filed in California claims Facebook and ...
    09/11/2012 - 1:50 pm | View Link
  • Unfriendly Fire: Shareholders Sue Facebook, Morgan Stanley
    Facebook ... 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 report on Tuesday, Morgan ...
    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
  • Business Forum: Wall Street cartel today at its most dangerous
    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.
    02/24/2012 - 4:30 pm | View Link
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  • FACEBOOK INC-A (FB:NASDAQ GS): Stock Quote & Company ...
    An Austrian law student has brought a class action lawsuit against Facebook, at a commercial court in Vienna over privacy violations. Privacy activist Max Schrems ...
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    Information about Make Money, Work From Home, Business, Facebook, Groups, Craigslist, Jobs, World, Profits, Youtube, Videos, Google, Maps, Bing, Images, Backpage ...
    08/26/2014 - 9:41 pm | View Website
  • Facebook
    With more than 1 billion users, Facebook is the world’s largest social network. Founder Mark Zuckerberg started Facebook in 2004 while he was an ...
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    Digital business isn't about changing code; it's about changing what legacy sales, distribution, customer service, and product groups do in the new digital age.
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