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MS
Morgan Stanley

5/23/2012, 9:56 PM ET
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MS Market Currents more »
  • 1:16 PM Morgan Stanley (MS -2.6%) has offered a price adjustment to Facebook (FB +2.5%) investors in the event they overpaid due to order execution problems, Dow Jones reports. The news comes as lawsuits fly, politicians huff and puff, and sources tell the WSJ MS and other underwriters have made a $100M profit through "greenshoe" short positions on Facebook shares (Felix Salmon recently explained the arrangement in detail).
    7 Comments
    [Tech, Financials]
  • 10:02 AM More on the class-action suit against Facebook and Morgan Stanley: The firm handling the suit previously won $7B from Enron. Its complaint alleges remarks made in Facebook's S-1 about its ad outlook were "untrue statements" in light of reports an exec told analysts to lower their forecasts. Particularly incriminating, if true, are reports institutional demand fell due to the disclosure. That would make Facebook's situation the polar opposite of what may have recently happened with Groupon.
    4 Comments
    [Tech, Financials]
  • 9:10 AM Facebook (FB), CEO Mark Zuckerberg, and the IPO underwriters face a class-action suit by shareholders over accusations they concealed from investors "a severe and pronounced reduction" in the company's revenue growth forecasts.
    19 Comments
    [Tech, Breaking News]
  • Tuesday 5:17 PM Massachusetts subpoenas Morgan Stanley over the Facebook IPO amid allegations about leaked negative views. MS -1.4% AH.
    11 Comments
    [Financials, On the Move, Breaking News]
  • Tuesday 2:56 PM The SEC and Finra look set to launch separate investigations of the Facebook IPO. Finra Chief Rick Ketchum calls allegations analysts for the lead underwriters leaked negative views about FB to select clients ahead of the IPO, "a matter of regulatory concern."
    6 Comments
    [Breaking News, Financials, Tech]
  • Tuesday 8:12 AM Facebook (FB -2.4%) continues to fall as the blame game starts over responsibility for its 11% slump yesterday. Among the chief names are Morgan Stanley (MS), the lead underwriter; Nasdaq (NDAQ), for the tech problems on Friday; and of course Facebook. Among the criticisms: the price was too high and too many shares were sold.
    2 Comments
    [Tech, Consumer, On the Move]
  • Monday 9:03 AM Morgan Stanley, -1.8% premarket, is the outlier amongst the big banks this morning. Usually a proxy for European troubles, MS may be taking a hit due to its lead underwriting position for Facebook. Those underwriting fees and more may be gone due to the money it spent propping the IPO above $38 Friday (now $36.80).
    Comment!
    [Financials]
MS in Focus more »
MS Instablog posts more »
  • The T Report: Attack Of The Killer E's, Ease, And Eeze
    Tue, May 22 • Peter Tchir • Comment!
  • As Facebook Shares Sink, Focus On Morgan Stanley-WSJ
    Mon, May 21 • Tim Travis • Comment!
  • Morgan Stanley Weakening
    Mon, May 21 • Thomas Renna • Comment!
  • Facebook IPO May Lead To Bigger Problems
    Mon, May 21 • Bill Maurer • Comment!
  • Morgan Stanley On The Hook For The GREENSHOE!
    Fri, May 18 • Thomas Renna • Comment!
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Company Description

Morgan Stanley is a global financial services firm that, through its subsidiaries and affiliates, provides its products and services to a large and diversified group of clients and customers, including corporations, governments, financial institutions and individuals. Morgan Stanley was... More