DOJ Presses Judge To OK $5M Morgan Stanley Antitrust Deal

Law360, New York (March 6, 2012, 4:21 PM EST) -- Amid complaints from the AARP and a state regulatory board, the U.S. Justice Department on Tuesday asked a New York federal court to approve a $4.8 million settlement with Morgan Stanley over a KeySpan Corp. derivative contract that allegedly drove up energy prices.

The settlement, first announced in September, would end the DOJ's case against Morgan Stanley, the government's court filing said. The DOJ had claimed the bank signed a derivative agreement with KeySpan that effectively combined the energy provider with one of its main rivals...
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Case Information

Case Title

United States of America v. Morgan Stanley


Case Number

1:11-cv-06875

Court

New York Southern

Nature of Suit

Anti-Trust

Judge

William H. Pauley, III

Date Filed

September 29, 2011

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