Could anyone who has info with regard to suing facebook and Morgan Stanley place the info here. We all need to get on board with this.
I also think everyone should contact their congressman and demand that the under writers buy back all the IPOs at 38, or they will lose your vote.
One, lawsuit like this will fall on death ear.
Two, only big boys filing will get anywhere.
Three, if there is money coming back, big boys will get first and nothing will be left behind for small fish.
What a joke!!
Don't waste your time.
My final comment on this thread:
"Senate Banking Committee To Review Facebook IPOFont size: A | A | A
12:33 PM ET 5/23/12 | Dow Jones
By Andrew Ackerman
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--The Senate Banking Committee plans to review the initial public offering of Facebook Inc., a Democratic aide said Wednesday."
Good luck and hope you get justice for a change.
You are %100 wrong. First of all you do not do anything except registering.
Two: The money will be equally distributed, there are no big boys here. Everyone will get based on their losses.
Three: There are at least three firms already, plus a few going after NASDAQ.
Four: In my 30 years of trading, I have seen many successes, from Enron, to the ones you have never heard of.
...and wait forever for a settlement. Meanwhile, moved my money to JIVE. 'Seems like they have a better business model than FB. Improving corporate productivity through project-oriented social networking within a business. JIVE makes money by helping improve corporate productivity and the bottom line, instead of being dependent on advertising! (What a new concept, huh?)
You do not have to hold on to facebook in order to get compensated, you just need to have had the stock in the class period, which is the IPO in this case. You can sell and still be part of the class action.
Here is another one:
ONTACT: Any questions, PLEASE CONTACT: Law Offices Bernard M. Gross, P.C. Susan R. Gross, Esquire Deborah R. Gross, Esquire Telephone: 866-561-3600 (toll free) E-mail: email@example.com or firstname.lastname@example.org. Website: http://www.bernardmgross.com
It only makes sense that next group that will attempt to profit from this debacle would be lawyers. I'll wait the five years to be contacted by the brokerage/Circuit Court regarding a FB class action suit settlement for pennies on the dollar. Of course in the mean time, if the powers that be would oblige and pump the FB price up to $45, giving all the injured parties the chance to recover their initial investment, this would be better settlement for investors and FB.
That is not true. Facebook has a thousand accountants and financial analyst. They know exactly what is what. They want the banks to do their dirty work for them. It is like the mafia hiring a hit man and claiming, hey mans are killing he pulled the trigger.
Suing facebook my xss - how bout getting rid of all the thieves from prez. Zero down, hell the whole dam market is in the toilet. Great job obama and lib morons. This stock market is a complete shame.
As a follow-up to my previous post, what makes you think that Congress has any power to help you here? This ain't a nanny state. If you want the government to wipe your ??? for you, move to the EU.
Congress has a job to do and it is not to get reelected at the price of everyone. They are there to protect the likes of you that don't even know their own rights. I am happy where I am and I will change things to the way I want. If you are raised to be told what to do and like it too, that is your problem.
You'd have to be insane to look for an attorney on this page. The people responding to your request will more likely than not refer you to the financial equivalent of an ambulance chaser who is in it for his or her own benefit. If you really think that you have a claim, do your own research and contact a competent attorney who has better things to do than to solicit people on Yahoo Finance.
You're missing an important point. If Facebook and Morgan Stanley had information about a lower price target that they only shared with a small number of insiders they illegally discriminated against the rest of the buyers. That deserves at least a lawsuit and possibly criminal prosecution.
Another related issue is that NASDAQ should be sued for locking out the holders of FB stock until the market opened on Monday. That prevented them from taking quick profits or cutting their losses. This law suit is likely to be much larger and more firmly grounded than the law suits against FB and MS.
I say sue them all. The more pain that can be inflicted the better. Wall street needed to be kicked hard for all their greedy, shady practices.
I have actually posted the name of one group that is suing from etrade. For those that are interested. I have joined the lead plaintiff already. Those that want the same, better get a move on. Must make pressure relentless.