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Morgan Stanley Loses Bid To Dismiss Casino Case

Law360 (February 16, 2007, 12:00 AM EST) -- A federal judge said Thursday that a high-ranking Atlantic City casino employee can proceed with her lawsuit against Morgan Stanley over a $1 billion casino deal.

Audrey Oswell, the former chief executive officer of Resorts International Hotel Inc., alleges that she had an agreement with Morgan Stanley to acquire a site for a casino and to work at the casino once developed, but that the firm backed out of the deal.

Judge Jerome B. Simandle of the U.S. District Court for the District of New Jersey...
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