Free Republic 1st Qtr 2026 Fundraising Target: $81,000 Receipts & Pledges to-date: $11,912
14%  
Woo hoo!! And now only $238 to reach 15%!! Thank you all very much!! God bless.

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  • Investors File Suit Against Facebook, Underwriters

    05/23/2012 7:49:43 AM PDT · by Sub-Driver · 10 replies
    Investors File Suit Against Facebook, Underwriters By DAVID BENOIT Three Facebook Inc. investors filed a civil lawsuit Wednesday in Manhattan federal court, alleging the company and its underwriters failed to properly disclose changes to analysts' forecasts made at the underwriting banks. The suit follows reports that analysts at Morgan Stanley and Goldman Sachs Group Inc. cut their revenue forecasts on Facebook amid the investor roadshow, a change that wasn't widely disseminated. Late Tuesday, Massachusetts sent a subpoena to Morgan Stanley following the reports. Several other plaintiffs' lawyers have said they filed suits over the offering in other courts throughout the...