3 votes

Facebook, Zuckerberg, Morgan Stanley Sued Over IPO

"Shareholders have sued Facebook and CEO Mark Zuckerberg over the company’s bungled IPO, charging they hid bearish forecasts prior to going public.

The suit, filed Wednesday morning in the U.S. District Court in Manhattan by the Brian Roffe Profit Sharing Plan, Jacob Salzmann and Dannis Palkon, charges that Facebook and its lead underwriter concealed “a severe and pronounced reduction” in Facebook revenue growth forecasts before the company’s shares were offered to the public."

Why am I not surprised

http://mashable.com/2012/05/23/facebook-zuckerberg-sued-ipo/



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