Facebook and Morgan Stanley, the lead underwriter of social networking company's IPO, were sued by shareholders who claimed the defendants hid Facebook's weakened growth forecasts ahead of its offering... Read More
As regulators scrutinize Facebook's problem-plagued stock market debut, they may have to confront areas of securities law that do not always clearly spell out what industry analysts are allowed to tell clients about companies on the verge of going public.... Read More
While trading glitches at the Nasdaq on the company’s opening day are widely seen as contributing to the sell-off, the stock’s lingering shortcomings are raising questions about whether or not lead underwriter Morgan Stanley (along with other banks) misgauged the demand, and the price of the deal.... Read More
In the run-up to Facebook's spacer $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, reduced his revenue forecasts for the company.... Read More