Morgan Stanley's Arbitration Appeal Rebuffed

Law360, New York (August 10, 2007, 12:00 AM EDT) -- A federal appeals court has rejected Morgan Stanley's plea for the reversal of a termination award granted to one of the financial giant's former stars, dismissing allegations of misconduct on the part of the arbitration panel.

On Thursday, the U.S. Court of Appeals for the Eleventh Circuit upheld an earlier district court ruling that confirmed an arbitration award previously given to Philip E. Rosensweig and ordered a limited expungement of his regulatory record.

Rosensweig had sought recourse from the arbitration panel after Morgan Stanley terminated him...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.