High Court Tosses $10M Morgan Stanley Insider Trading Case

Law360, New York (January 8, 2018, 7:20 PM EST) -- The U.S. Supreme Court on Monday rejected an effort by an auto parts investor to revive a $10 million insider trading suit against Morgan Stanley, handing the bank a final victory in its long-running dispute with a company linked to Russian billionaire Oleg Deripaska.

Veleron Holding BV had brought the suit claiming Morgan Stanley shorted the stock of parts manufacturer Magna International Inc. based on insider information. But Veleron found no traction in the courts: a jury rejected its bid for compensation, that decision was backed up by the Second Circuit, and Veleron had its request that the top court take...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!