Morgan Stanley

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Some Facebook Underwriters Helped Short Sellers

Tom Lauricella, Jenny Strasburg and Jonathan Cheng, Reporters, The Wall Street Journal in News on May 25 at 6:00 am PT

As traders at Morgan Stanley were frantically trying to shore up Facebook Inc.’s share price following the company’s initial public offering, other managers on the deal were helping short sellers bet that the newly minted stock would fall.

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Some Big Firms Got Facebook Warning

Gina Chon, Jenny Strasburg and Anupreeta Das, Reporters, The Wall Street Journal in News on May 24 at 5:15 am PT

It is one of Wall Street’s best-kept secrets: Securities firms are allowed to selectively confer with favored large investing clients about crucial information as they prepare IPOs.

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Investors File Suit Against Facebook, Underwriters

David Benoit, Reporter, The Wall Street Journal in News on May 23 at 9:57 am PT

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.

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Inside Fumbled Facebook Offering

Shayndi Raice, Anupreeta Das and Gina Chon, Reporters, The Wall Street Journal in News on May 22 at 5:46 pm PT

Less than three days before Facebook Inc.’s initial public offering, Chief Financial Officer David Ebersman decided to boost the number of shares the company would offer investors by 25 percent, said people familiar with the planning. His main adviser at lead underwriter Morgan Stanley assured him there was plenty of demand, they said.