Lyft is threatening litigation against Morgan Stanley, accusing the firm of supporting short-selling
Deirdre Bosa, Leslie Picker
CNBC, 6 April 2019
Lyft has threatened litigation against Morgan Stanley, accusing the firm of supporting short-selling for investors who are subject to lock-up agreements.
In a letter sent to Morgan Stanley on April 2, Lyft questioned the firm about its alleged role in helping market certain products that would help pre-IPO investors bet against the stock.
