Morgan Stanley's Arbitration Appeal Rebuffed

Law360, New York (August 10, 2007, 12:00 AM EDT) -- A federal appeals court has rejected Morgan Stanley's plea for the reversal of a termination award granted to one of the financial giant's former stars, dismissing allegations of misconduct on the part of the arbitration panel.

On Thursday, the U.S. Court of Appeals for the Eleventh Circuit upheld an earlier district court ruling that confirmed an arbitration award previously given to Philip E. Rosensweig and ordered a limited expungement of his regulatory record.

Rosensweig had sought recourse from the arbitration panel after Morgan Stanley terminated him...
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