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:
  • Facebook defeats shareholder litigation over IPO
    A federal appeals court on Friday said Facebook Inc officials including Chief Executive Mark Zuckerberg cannot be sued by shareholders ... bought after the $16 billion IPO lacked standing to sue Facebook directors and underwriters led by Morgan Stanley ...
    07/24/2015 - 3:04 am | View Link
  • Facebook Sets Its Sights on Advertisers
    On May 17, the day before its stock imploded, Facebook ... as 32 percent from its IPO price of $38 the day before. The following week, investors sued Facebook, along with Morgan Stanley, Goldman Sachs, JPMorgan Chase, and other underwriters, claiming ...
    07/7/2015 - 10:51 pm | View Link
  • Biz Break: Facebook investigation, lawsuit show fruit; Apple falls, rebounds; Netflix jumps on Microsoft buyout rumors
    Investigations into other underwriters ... lawsuit that began long before Facebook's IPO reached a dramatic seeming conclusion Friday, as federal authorities arrested Paul Ceglia and charged him with fraud. Ceglia had sued Facebook co-founder and CEO ...
    10/27/2012 - 9:30 am | View Link
  • After the IPO: Facebook shops while stock drops
    I think we can safely say the Facebook IPO didn't exactly ... information with its underwriters that it didn't bother to tell the rest of the world, causing them to short the stock ahead of trading. Now Facebook is being sued by investors who missed ...
    05/30/2012 - 5:58 am | 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 - 3:37 am | View Link
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