http://www.law360.com/ Latest articles for organization: Morgan Stanley Copyright 2009 Portfolio Media, Inc. en-US http://www.law360.com/images/headings/logo.gif http://www.law360.com/ http://www.law360.com/articles/135595 NYSE Euronext, LCH.Clearnet, BATS Global Markets and several other financial institutions have asked the House Financial Services Committee to scrap a proposal for a “rigid cap” on dealer ownership of over-the-counter derivative clearinghouses that are part of the overall financial regulatory overhaul, according to reports. http://www.law360.com/articles/135595 http://www.law360.com/articles/135179 Conseco Inc. said on Thursday that it will offer up common stock worth roughly $230 million as the insurance company looks to pay down its debt in the wake of financial losses. http://www.law360.com/articles/135179 http://www.law360.com/articles/134873 Mitsubishi UFJ Financial Group Inc. has announced it will issue up to ¥1 trillion ($11.2 billion) in common stock in an effort to strengthen the overall group's capital base. http://www.law360.com/articles/134873 http://www.law360.com/articles/134313 Bristol-Myers Squibb Co. has said it plans to split off its 83 percent stake in infant-formula maker Mead Johnson Nutrition Co., a move the drugmaker said will allow it to focus on its biopharmaceutical business. http://www.law360.com/articles/134313 http://www.law360.com/articles/131026 Morgan Stanley mutual fund investors Friday turned to the U.S. Court of Appeals for the Second Circuit to revive two class actions alleging the financial services firm failed to disclose risks tied to the fact that the mutual fund portfolios largely consisted of the firm’s own investment banking clients. http://www.law360.com/articles/131026 http://www.law360.com/articles/133820 Medical diagnostic testing company Quest Diagnostics Inc. announced Thursday it will offer $750 million in senior notes in a bid to buy back other outstanding debt. http://www.law360.com/articles/133820 http://www.law360.com/articles/133023 Employers in the financial services industry have been particularly hard hit recently by claims that many of their most highly paid employees have been misclassified as exempt. Identifying any issues, and addressing them head on, prior to litigation can save thousands, if not millions, of dollars, say Randy Gidseg, Stephen Jones and Joseph Carello of Nixon Peabody LLP. http://www.law360.com/articles/133023 http://www.law360.com/articles/133320 A former AXA Network LLC broker has sued the insurer and its brokerage affiliate for breach of contract and other claims, alleging he was dumped as a sales agent after blowing the whistle on violations by a co-worker related to a $30 million Ponzi scheme at a hedge fund. http://www.law360.com/articles/133320 http://www.law360.com/articles/132872 The U.S. Securities and Exchange Commission's new Division of Risk, Strategy and Financial Innovation has begun to take shape, with the announcement Thursday of two new counsel and one senior policy adviser. http://www.law360.com/articles/132872 http://www.law360.com/articles/131868 Cooley Godward Kronish LLP has snagged Babak Yaghmaie — former head of Pillsbury Winthrop Shaw Pittman LLP's venture capital practice — for its business and technology group. http://www.law360.com/articles/131868 http://www.law360.com/articles/130159 The U.S. Supreme Court could attach a new application to the Mobile-Sierra doctrine Tuesday when it hears oral arguments from major players in the energy field on how to assess contract rate challenges made by noncontracting parties. http://www.law360.com/articles/130159 http://www.law360.com/articles/130881 Cereal giant Kellogg Co. is planning a cash tender offer to purchase up to $500 million of its senior notes due in 2011. http://www.law360.com/articles/130881 http://www.law360.com/articles/130339 Network management company SolarWinds Inc., which reported record total revenue for the third quarter of 2009, plans to offer up to 11.5 million shares of common stock worth $227.8 million, according to a filing with the U.S. Securities and Exchange Commission. http://www.law360.com/articles/130339 http://www.law360.com/articles/129451 Following in the footsteps of numerous other banks, Citigroup Inc. and its subsidiaries have reached a truce with TQP Development LLC in a patent infringement suit over technology for online encrypted data transmissions. http://www.law360.com/articles/129451 http://www.law360.com/articles/129370 Roche International Ltd. has hit Credit Suisse Group AG with a lawsuit in the U.S. alleging the bank's brokers fraudulently invested more than $545 million of the Swiss drugmaker's funds into risky auction rate securities. http://www.law360.com/articles/129370 http://www.law360.com/articles/129230 Investment management company Invesco Ltd. has reached an agreement with Morgan Stanley to purchase the bank's retail asset management business for $1.5 billion in cash and stock. http://www.law360.com/articles/129230 http://www.law360.com/articles/129267 The Royal Bank of Scotland Group PLC and two of its subsidiaries have become the latest defendants to reach a settlement with TQP Development LLC in one of its ongoing and wide-ranging patent infringement suits over technology governing online encrypted data transmissions. http://www.law360.com/articles/129267 http://www.law360.com/articles/128914 China Sunergy Co. Ltd. — along with its executives and underwriters including Morgan Stanley & Co. Inc. and Merrill Lynch Pierce Fenner & Smith Inc. — has agreed to a $1 million settlement in a consolidated class action alleging the solar power company made misleading statements in connection with an initial public offering. http://www.law360.com/articles/128914 http://www.law360.com/articles/128644 A federal judge on Thursday dismissed with prejudice breach of contract and tortious interference claims in a putative class action accusing Morgan Stanley & Co. Inc., Moody's Investors Service Inc. and Standard & Poor's Rating Services of deceiving investors by disseminating false information about a big-dollar investment. http://www.law360.com/articles/128644 http://www.law360.com/articles/128610 American International Group Inc. expects to see a loss of around $1.4 billion on the sale of its Taiwanese life insurance unit, the insurer said in a U.S. Securities and Exchange Commission filing Thursday. http://www.law360.com/articles/128610