Morgan Stanley's $5M Antitrust Settlement Gets Green Light

Law360, New York (August 7, 2012, 4:49 PM EDT) -- A New York federal judge signed off on a nearly $5 million settlement Tuesday in the U.S. Department of Justice's antitrust case against Morgan Stanley related to derivative agreements the bank entered with KeySpan Corp. and a competing energy company.

U.S. District Judge William F. Pauley III approved a settlement that requires Morgan Stanley to disgorge $4.8 million of a purported $21.6 million in revenue the bank received from signing offsetting derivative agreements with KeySpan and its largest New York rival, Astoria Generating Co. LP, that...
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Case Information

Case Title

United States of America v. Morgan Stanley

Case Number



New York Southern

Nature of Suit



William H. Pauley, III

Date Filed

September 29, 2011

Law Firms


Government Agencies

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