Thread: Facebook IPO
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Old 05-27-2012, 10:32 AM
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Quote:
Originally Posted by SpeckleBUTTCHEEKS View Post
I believe Facebook and Morgan Stanley are being sued for withholding and/or concealing vital information related to the company's financials:

http://news.blogs.cnn.com/2012/05/23...-little-worse/
That remains to be proven, but we will see. You can sue anyone for anything, whether or not you prevail is another thing entirely. They may have tipped off some investors, happens everyday, in which case that's egg on their face. But did the people joining in on the suit really rely on that misinformation? Maybe. Or maybe they're just looking for a target to blame because they didn't double their money on a roll of the dice.

JMO, I have no dog in this fight. I switched everything to municipal bonds when the Dow hit 13200. Not getting back in till after the election.
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