Friday, May 25, 2012
Our panel of social, political and pop-cultural experts to tell us about the stories you may have missed this week.
Thursday, May 24, 2012
Facebook and its IPO's underwriter Morgan Stanley are facing at least three shareholder lawsuits alleging that the companies allowed misleading assessments and omissions in their IPO registration statement. This, on the same day that Massachusetts Secretary of Commonwealth William Galvin issued a subpoena to Morgan Stanley in response to other allegations. Peter J. Henning, a professor at Wayne State University Law School who specializes in white collar crime, co-wrote an article about this for the New York Times' DealBook.
Wednesday, May 23, 2012
Just days after Facebook’s initial public offering serious allegations are surfacing about whether the IPO was dramatically mishandled by Morgan Stanley. Henry Blodget, the CEO and editor-in-chief of Business Insider explains how what was supposed to be Morgan Stanley’s crowning achievement is beginning to look like a major misjudgment.
Wednesday, May 18, 2011
It was not something that one or two banks was doing, so I think you're going to find that the probe will probably expand to all firms that were large in the area of securitizing mortgage loans and selling them to investors...If prosecutors have been holding back on bringing charges, some of these lawsuits and the discovery and material coming out in them can be very helpful in making a case.
— Gretchen Morgenson, business writer for the New York Times, on The Brian Lehrer Show.