Etoys Sued Goldman Sachs For Mishandling Their Initial Public Offering

Seen as the first legal action of its kind, Etoys sued Goldman Sachs for mishandling their initial public offering (“IPO”). Etoys filed for bankruptcy last year after their stock became worthless. Etoys is suing Goldman Sachs in New York State Supreme Court.

The following questions have been addressed in this article:

What is Etoys’ business?
What are the events that caused this lawsuit to be filed?
What does the complaint state?
What are the remedies sought for this lawsuit?
What will the effects of this case?

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