Paris Court Swipes Morgan Stanley In Designer Standoff

Law360, New York (June 30, 2006, 12:00 AM EDT) -- Scratching the face of financial giant Morgan Stanley, a Paris appeals court has upheld a lower court’s ruling that faulted the investment bank for publishing biased research that tarnished the image of famed French luxury-goods company Louis Vuitton.

While this week’s ruling confirms an earlier decision that Morgan Stanley had "considerably prejudiced" LVMH Moet Hennessy Louis Vuitton SA, the ruling also threw out certain claims linked to financial research, significantly narrowing the scope of LVMH's claims.

In January 2004, Morgan Stanley was ordered to pay LVMH...
To view the full article, register now.