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Dot-com diva faces legal action from bitter investors

The recriminations continue...

By Aled Herbert

Published: 2 August 2001 08:05 BST

Internet analyst Mary Meeker has been named in a lawsuit that alleges she misled investors at the height of the dot-com boom.

The class action lawsuit has been brought by a group of investors who bought heavily into internet bellwethers amazon.com and eBay on the back of her recommendations.

The investors' lawyers claim Morgan Stanley analyst Meeker broke 'Chinese Walls' that are meant to keep analysts independent of investment bankers in the same firm, the Daily Telegraph reports.

The lawsuit alleges her recommendations were not objective evaluations but made in Morgan Stanley's own business interests.

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