More IPO Lawsuits

from the tie-ins-coming-back-to-haunt dept

Last week we had the Red Herring story about the questionable nature of “tie-ins” which require investors who receive an IPO allocation to buy more in the open market afterwards, thus driving up the price. Now, comes news of a lawsuit filed against Goldman Sachs and DoubleClick for using such a tie-in during their IPO. Okay, yes, it’s a questionable practice, but the DoubleClick IPO was over 3 years ago. If this person was so pissed off by it, why did he take three years to file?

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