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Morgan Stanley’s Gorman: No “Nefarious Activity” in Facebook IPO

Morgan Stanley (MS) CEO James Gorman told employees today that “speculations of nefarious activity” about the Facebook (FB) IPO are simply untrue, Marketwatch reported. The bank, which served as lead underwriter on the IPO, is being criticized for reportedly failing to communicate information about Facebook’s revenue expectations to all prospective investors. Some large investors apparently [...]
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