Goldman, JPMorgan, Morgan Stanley defeat appeal over Facebook IPO

NEW YORK (Reuters) - Goldman Sachs Group Inc , JPMorgan Chase & Co and Morgan Stanley need not forfeit their estimated $100 million of profit from trading Facebook Inc stock soon after underwriting its May 2012 initial public offering, a federal appeals court said on Thursday.

from Reuters: Technology News http://ift.tt/2fI3YNZ
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