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October 28, 2008 · 11:36AM

Morgan Stanley, Credit Suisse To Settle IPO Suits

Morgan Stanley, Credit Suisse and a dozen other banks are reportedly nearing a $1 billion deal to settle more than 300 lawsuits accusing them of rigging initial public offerings during the dot-com boom. Initially, investors sought $12.5 billion as compensation for damages. (Bloomberg)

Source: (Wikimedia)

The Dot-Com Bubble

Categories: Business & Finance Today · Financial Services · Information Technology · Markets, Economic News

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