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lead analysts at morgan stanley, the main underwriter for the facebook ipo, received privileged information about the company, information that they didn t share with retail investors. finra, the financial industry regulation authority, regulatory authority, the u.s. senate banking committee, and the commonwealth of massachusetts have all announced probes into the matter, and that was quickly followed by a lawsuit filed by some investors against facebook and its ceo, mark zuckerberg, alleging that both withheld material information from investors during the ipo process. now, specifically, they re talking about forecasts that revenue would be lower in 2012. facebook tells cnn, by the way, that the lawsuit is without merit. ron gefner is a former s.e.c. investment attorney. henry blodgett is the ceo of business insider, a website. back in 2003, henry handled a civil charge with the s.e.c., banned from the securities industry. he s a good friend of our show. and i say this ....
that s what the pro santorum super pac red white and blue just told outfront about its cash raising today. the donations pouring in for the candidate who exceeded frankly everybody s expectations last night beating mitt romney in a three-state sweep. santorum met with potential donors in texas today and he s actually headed to california to meet even more potential deep pocketed donors. he s not stopping there. he just sent out another e-mail asking for money. here s what it says, we have it. quote reagan got on a roll winning in north carolina and a slew of states after that, the conservative base rallied to him despite all odds. he went all the way to the convention. clearly, rick santorum feeling pretty good. we re doing really well and we feel like going forward, we re going to have the money we need to make the case we want to make. okay, making the case though and winning are two very different things. former pennsylvania senator is lagging behind his rivals ....
good evening, i m erin burnett and outfront tonight, the single best day of fund raising. that s what the pro santorum super pac red white and blue just told outfront about its cash raising today. the donations pouring in for the candidate who exceeded frankly everybody s expectations last night beating mitt romney in a three-state sweep. santorum met with potential donors in texas today and he s actually headed to california to meet even more potential deep pocketed donors. he s not stopping there. he just sent out another e-mail asking for money. here s what it says, we have it. quote reagan got on a roll winning in north carolina and a slew of states after that, the conservative base rallied to him despite all odds. he went all the way to the convention. clearly, rick santorum feeling pretty good. we re doing really well and we feel like going forward, we re going to have the money we need to make the case we want to make. okay, making the case though and win ....
proposition 8 or prop 8, the state s ban a same-sex marriage, is unconstitutional. dan simon live in san francisco. dan, you ve been talking to people there. how have they been reacting to the news? reporter: obviously they re very happy about it. they expected this, quite frankly, and we should point out a little more than three years ago, a majority of california voters said they were against same-sex marriage. well, in this case the federal appeals court said the majority doesn t rule that proposition 8, which defined marriage between a man and a woman, is unconstitutional. from here, brooke, most observers think this case will be headed to the supreme court. it does not mean the fact that same-sex marriage got a victory today that couples can start getting married tomorrow. this ruling is effectively put on hold while this appeals process continues. brooke? so ultimately we ll be looking for the next big step to be the u.s. supreme court. dan simon in san franci ....