Analysts at Facebook’s lead underwriter, Morgan Stanley, have set a price target of $38 on newly-public Facebook’s stock — …
FINRA
After Facebook Debacle, Can Investors Trust the IPO Process?
It’s been over a month since Facebook’s troubled initial public offering, and the fallout continues to reverberate from Wall Street to Capitol Hill. Angry shareholders have filed over 40 lawsuits against Facebook, its …
Who’s to Blame for the Facebook IPO Debacle? Federal Court May Decide
Technical errors caused by the Nasdaq stock exchange helped push down Facebook shares in early trading, the social networking giant suggested in a legal filing late Friday, turning what should have been a triumphant moment for …
Facebook, Wall Street Banks Sued Over Pre-IPO Financial Forecasts
Just days after its controversial IPO, Facebook and its Wall Street bankers have been hit by shareholder lawsuits alleging that the social networking giant and its underwriters concealed the company’s decelerating revenue growth …
Facebook IPO Furor: Feds Probing Deal Over Insider Bank Warnings
Is Insider Trading Here to Stay?
SAC Capital Advisors, one of the world’s biggest hedge funds run by zillionaire Steven Cohen, is finally under the gun for insider trading, according to the Wall Street Journal.
The issue is over trades made in an account Cohen oversees, which were suggested by former fund managers of his who’ve already pleaded guilty to insider …
