"[...] Given the PR and legal disaster that the Facebook IPO is rapidly becoming, most official communications channels have gone silent. Facebook declined to comment. Morgan Stanley did not return a call and email seeking comment."
LA Times says US regulators now investigating. Quotes a securities lawyer saying it could be "securities fraud – plain and simple."
EXCLUSIVE: Here's The Inside Story Of What Happened On The Facebook IPO
At best, this is grossly unfair.
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