Home

Hausfeld Settles with Morgan Stanley for $4.95 Million
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

hausfeldHausfeld LLP agreed to a $4.95 million settlement with Morgan Stanley in an antitrust class action regarding municipal derivatives, the firm said in a press release Monday.

Hausfeld served as one of the interim class counsel law firms leading the case.

In the complaint (In re: Municipal Derivatives Antitrust Litigation, Case No. 08 Civ. 2516 (S.D.N.Y.), plaintiffs allege banks, insurance companies and brokers engage in anticompetitive behavior in the municipal derivatives industry. It includes those that purchased municipal derivatives from 1992 to the present.

  
What
Where


Morgan Stanley vigorously denies all claims of the alleged wrongdoing and entered the settlement without any such admission in order to avoid costly class-action litigation.

The settlement still need court approval. In it, Morgan Stanley agrees to pay $4.95 million to resolve the claims, along with an additional $1.55 million for administrative costs.

Plaintiffs are continuing to pursue antitrust claims against other entities in the municipal derivatives industry.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Hausfeld LLP  attorneys working on this case are Michael D. Hausfeld, Michael P. Lehmann, Megan E. Jones and Faris Ghareeb.





 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid to Senior Level Labor and Employment Attorney

USA-CA-San Francisco

San Francisco office is seeking a mid to senior level labor and employment attorney.

Apply Now

Mid-Level Commercial Business Litigator

USA-CA-Los Angeles

Los Angeles office is seeking a commercial business litigation attorney with 2-5 years of experience...

Apply Now

Senior Level Litigator

USA-CA-Woodland Hills

Woodland Hills office is seeking a litigation attorney with 5-7 years of experience and a background...

Apply Now

Real Estate Associate Attorney

USA-MN-Minneapolis

Minneapolis office of our client seeks real estate associate attorney with 2-5 years of experience. ...

Apply Now

RELEVANT JOBS

Associate Attorney

USA-CA-Sacramento

Schuering Zimmerman & Doyle, LLP, a Sacramento based medium size medical malpractice defense firm, h...

Apply now

Associate Attorney (Litigator)

USA-NC-Waxhaw

The Cuddy Law Firm seeks an associate attorney (litigator) to join our North Carolina team....

Apply now

Paralegal

USA-PA-Harrisburg

Hazen Law Group is a well-established estate, elder care, and special needs planning law firm in Har...

Apply now

Associate Attorney

USA-DE-Lewes

Looking for an associate attorney that is a member of the Delaware Bar to conduct real estate closin...

Apply now

SEARCH IN ARCHIVE

To Top