Tag: investors

Morgan Stanley’s IPO? Uber’s loss… | Vernon Litigation Group

May 21, 2019 / IPO , Tags: , , , ,

THE UBER IPO HIGHLIGHTS THE EXTENT OF CONFLICTS OF INTEREST THAT REMAIN IN THE SECURITIES INDUSTRY We could write for days about the UBER IPO and the underwriting syndicate of bookrunners led by Morgan Stanley. However, this article is focused on the abuse and conflicts of interest by the brokerage firms who pushed the UBER IPO on their own financial advisors and their own client base. Initial Public Offerings such […]

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States’ financial stress may put pressure on municipal bonds

At Vernon Litigation, we are concerned that States in distress – such as California – will push their problems down to the local level, which will in turn put tremendous stress on municipal bonds issued by municipalities within those states. If California’s current effort to convince its constituency to accept a tax hike to help the state get out from underneath a $15.7 billion deficit fails, then the next steps […]

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