Morgan Stanley Fund's Fees Found Not Unduly High

Law360, New York (September 27, 2006, 12:00 AM EDT) -- Ending a bitter dispute between Morgan Stanley Funds and three unsatisfied customers, the Second Circuit Court of Appeals has dismissed allegations that Morgan Stanley’s mutual funds had charged unreasonably high fees.

The Second Circuit decided on Tuesday that the plaintiffs, Lionel Amron, Chana Yampolsky and David Yampolsky failed to state a proper claim in the case.

The three plaintiffs filed the lawsuit in the Southern District Court of New York in 2003 after two Morgan Stanley funds they had invested in, the S&P 500 Index Fund...
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