San Francisco (Reuters)-from the company of the messy first public Facebook on Wednesday broaden shareholders sued a trading company said the loss of shares, and threatening to seek social network and its bankers to provide "remedial consequences."
The nasdaq stock exchange market also is further pressure source close to the situation told Reuters, New York euronext opened the discussion about the Facebook a potential listed on the stock exchange. The nasdaq is also facing angry investors from the proceedings.
The Facebook listed, as a 8 years old company, has become a commercial and cultural phenomenon of the idea of crowned moment, but become law and public relations company and the underwriters, and Morgan Stanley's rout.
Severe trade burr interference with the stock market opened last Friday, then by Reuters analysts had quietly decreased their revenue forecast of its initial public offering the enlightenment of the selective disclosure to before the significant information charges. On Wednesday, the ipo price lower than 15% of the shares closed at $32.
For a lawsuit. 22, collective action, accused the defendant of state, including-Facebook, its chief executive, mark zack's, Morgan Stanley, Goldman sachs and jpmorgan chase company-hide "serious and significantly reduce" income growth forecast cause greater use of Facebook application or through the website of mobile devices.
It also accused of Facebook "substantial reductions" for the company's forecast they, told its Banks underwriting. The lawsuit says, that the underwriter's "first choice" investors disclosure forecast cut.
"In the main underwriter, lower their roadshow of estimates, and not tell everybody," said vladimir radmanovic, Samuel in Robbins rudman fiab geller and Chris dodd, this brings the lawsuit partners. The company is the leading securities class action lawsuit in the country between the company.
"I don't think any investors in Facebook, and will not want to know the information."
, Facebook spokesman Andrew Noyes said: "we believe that the lawsuit is no legal basis, will vigorously defend ourselves."
Morgan Stanley no comment. Said Tuesday that the Facebook ipo program to abide by all the rules and regulations apply, and in any initial distribution.
On the same day, knight capital group, says its second-quarter results will be listed on the many problems during the loss damage. The company, agent and retail customers with electronic trading service, which the ipo of $300000 to $35 million in pre-tax losses.
, knight capital in a regulatory documents, said the company has submitted from nasdaq OMX economic compensation claim, and is considering all of the available legal remedies.
Knight capital announcement, may be a sign of things, other traders and investors most trade losses tally.
The nasdaq OMX also prosecuted (Tuesday) by the investors in dealing with the exchange operators claimed the negligence of the order of the Facebook shares. Morgan Stanley said it is reviewing the Facebook's industry and some people many capture retail clients price adjustment.
Familiar with the situation of one person told Reuters, New York euronext opened the discussion about the Facebook a potential listed on the stock exchange, the social network giant is considering its options.
The biggest dollar exchange rate then deny that it is a full discussion of the listed company, thus become the first American company's market value at more than $100 billion transfer.
Ipo survey
Wednesday's proceedings, several, has been all over the country one of the application, has brought in New York Palkon and Brian Roffe representative Dennis, who said they were bought 1800 and 200 Facebook IPO price of the stock, and Jacob boltzmann sarkozy, who said he 05 on 18 2961 shares to pay $41.77 a share, on average, each more than $123000.
They forecast, the underwriters of some Facebook research analysts cut the door after los parker, california-based company on May 9 prospectus reminding investors that may affect transferred to mobile platform to the user. Facebook mobile advertising little income at present.
According to Reuters quoted and the matter knowledge directly, this week, Facebook advice, in its IPO roadshow, the underwriter, analysts, in order to reduce their profits and revenue forecasts.
Named cut their predictions, May 9 prospectus, lead underwriters for application for Morgan Stanley, Goldman sachs, jpmorgan chase and bank of America, but the cuts don't open the initial public offering before the lawsuit said. [ID: nL4E8GM8SK] [ID: nL1E8GN0FT]
The plaintiff shareholders of the business risk disclosure Facebook insufficient, said analysts know these risks, and correspondingly cut their business prospects-only a few the interests of investors, not all.
"If Facebook told analysts, and greatly reduce their prediction, it should tell the whole market," said, in the university of indiana Robert H · megan, law professor Anthony page institute. "We need to know what analysts say, sure different" citizens how Facebook story from the private story. "
Including the United States securities and exchange commission, financial industry regulatory bureau and the federal William GaoErWen director of the Massachusetts regulators are now studying how to deal with its initial public offering. The United States senate banking committee also is reviewing the it.
"If Facebook faces known and risk, particularly prominent language is not enough, the template Norwich at tulane university law school, associate professor and a former SEC attorney Elizabeth said."
Bank of America and barclays in New York of the case the accused, the chief financial officer is Facebook David Ebersman and some Facebook directors.
American spokesman bill Halldin bank, barclays bank spokesman mark lane and Goldman spokesman Michael DuVally declined to comment. Jpmorgan did not respond to a request for comment.
The case yes Brian Roffe profit sharing




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