insider information

The Shocking Story of What Really Happened Inside Facebook's IPO

First, we learned Facebook's IPO underwriters had cut their estimates for the company in the middle of the IPO roadshow. What we didn't know was why. Now we know. The analysts cut their estimates because a Facebook exec who knew the business was weak told them to.

Legal Briefing: Race and College Admissions

In 2003, the U.S. Supreme Court held in Grutter v. Bollinger that race could be a "plus factor" considered in school admissions. On Tuesday, the 5th Circuit Court of Appeals will hear arguments in the first case to ask precisely what that means.