February 09, 2012
Morgan Stanley & Co. has undertaken a review of its corporate practices to settle a shareholder suit accusing its heads of manipulating the market for auction rate securities, attorneys told a New York federal judge on Thursday.
July 09, 2009
Plaintiffs in a shareholder derivative suit alleging Morgan Stanley directors aided the manipulation of the auction rate securities market have asked a federal court to reconsider a ruling that halted proceedings so the broker-dealer's board of directors could consider investigating the claims first.
June 25, 2009
A federal judge has temporarily halted proceedings over shareholder derivative allegations that Morgan Stanley manipulated the market for auction rate securities, holding that the broker-dealer’s board of directors is entitled to consider investigating the claims before the onset of litigation.