Morgan Stanley Ducks Investment Advice Class Action

Law360, New York (May 10, 2011, 6:25 PM EDT) -- Morgan Stanley Smith Barney LLC on Tuesday toppled a putative class action in Massachusetts that accused the company of charging investors advisory fees for two investment funds, even while asking them to sign a document stating they did not receive investment advice.

U.S. Magistrate Judge Robert B. Collings issued an electronic order granting Morgan Stanley's motion to dismiss the case, finding that plaintiff Michael Bruck's claim that the defendant violated the Investment Advisers Act of 1940 was barred by the applicable statute of limitations of one...
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