Morgan Stanley Cleared Of Insider Trading In NY Trial

Law360, New York (November 13, 2015, 5:01 PM EST) -- A New York federal jury on Friday found Morgan Stanley not liable for insider trading in the stock of an auto parts maker during the 2008 financial crisis, rejecting civil claims filed by a Russian billionaire who invested in the same company. 

(Credit: AP) The eight-member jury issued a verdict on the second day of deliberations in a suit filed by Veleron Holding BV, a Dutch company created by the founder of aluminum giant United Company Rusal PLC Oleg Deripaska to invest in Magna International Inc. Veleron has accused Morgan Stanley of improperly short-selling shares of Magna in late September and...

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New York Southern

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Securities/Commodities

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Date Filed

August 3, 2012

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