Morgan Stanley's $5M Antitrust Settlement Gets Green Light

Law360, New York (August 7, 2012, 4:49 PM EDT) -- A New York federal judge signed off on a nearly $5 million settlement Tuesday in the U.S. Department of Justice's antitrust case against Morgan Stanley related to derivative agreements the bank entered with KeySpan Corp. and a competing energy company.

U.S. District Judge William F. Pauley III approved a settlement that requires Morgan Stanley to disgorge $4.8 million of a purported $21.6 million in revenue the bank received from signing offsetting derivative agreements with KeySpan and its largest New York rival, Astoria Generating Co. LP, that...
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