We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Morgan Stanley Exec Compensation Suit Put On Hold

Law360 (February 22, 2007, 12:00 AM EST) -- A derivative lawsuit challenging the massive departure check to Morgan Stanley’s ousted former co-president has been stayed, the investment bank has announced.

In its annual report to the U.S. Securities and Exchange Commission filed Feb. 13, the Wall Street firm said the case had been indefinitely halted by mutual consent.

The lawsuit, filed July 19, 2005 in a New York state court, challenged Morgan Stanley’s decision to give former co-president Stephen Crawford a $32 million exit payment that followed a shareholder revolt over claims of poor...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.