Investors Lose Bid For Docs In Morgan Stanley ARS Suit

Law360, New York (July 19, 2012, 5:52 PM EDT) -- A New York judge on Wednesday rebuffed a discovery request by fund investors accusing Morgan Stanley Investment Advisors Inc. and Van Kampen Asset Management Inc. executives of improperly redeeming hundreds of millions of dollars in auction-rate securities at face value despite the collapse of the holdings' market.

New York Supreme Court Justice Bernard J. Fried said the investors could not compel the production of documents about the special litigation committees the companies set up to evaluate the demands the investors made of their boards of directors...
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