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Facebook, Wall Street Banks Under Fire From Lawmakers And Lawyers
latimes.com 5 days, 12 hours agoTwo congressional committees said they would conduct preliminary inquiries into Facebook's IPO, and attorneys filed two separate lawsuits alleging that average investors were misled.WASHINGTON , Already grappling with regulatory reviews of its troubled initial public offering, Facebook Inc. and the Wall Street banks that shepherded the deal are now under fire from lawmakers and lawyers.
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Facebook, Wall Street Banks Sued Over Pre-IPO Financial Forecasts
time.com 6 days, 7 hours agoJust 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 from investors. The lawsuits come amid a growing furor about whether Facebook’s banks selectively disclosed information that gave favored clients an unfair [...]










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