Morgan Stanley Moves To Oust $66.3M ARS Claims

By Nick Malinowski (October 12, 2009, 8:06 PM EDT) -- Morgan Stanley & Co. Inc. has asked a federal judge to toss securities fraud claims brought against it by AshThree LLC and Ashland Inc., stating that the plaintiffs knew the risks associated with the acquisition of the auction rate securities at issue and that their suit failed to prove the willfulness necessary to make a fraud claim against Morgan Stanley....

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