NEW YORK (CNNMoney) -- At this point, there's little question that Facebook's IPO was a disaster. But was it illegal?
That's the question lawyers, regulators and other observers are asking as allegations swirl that major clients of Morgan Stanley (MS, Fortune 500) and other banks involved in the offering may have had access to privileged information ahead of the stock's debut.
Source: http://money.cnn.com/2012/05/23/technology/facebook-ipo-legal/index.htm
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