Litigation Reserves Up At JPM, Morgan Stanley

April 2005
Investment Dealers' Digest;4/18/2005, Vol. 71 Issue 15, p55
Trade Publication
The article reports on the business activities of investment banks in the United States. Several investment banks are reporting lower earnings, after setting aside millions of dollars to settle investor lawsuits. And more are on their way. The biggest hit this quarter is being taken by JP Morgan, which will release first-quarter earnings on April 20, 2005. And last week, Morgan Stanley said that net income for the quarter would decline to $1.40 billion, from $1.47 billion, after it adds $100 million to its $260 million litigation reserve.


Related Articles

  • Citi Agrees to Settle WorldCom Litigation. Bloomberg News // American Banker;7/21/2004, Vol. 169 Issue 139, p18 

    Reports that a judge gave preliminary approval to Citigroup Inc.'s settlement of a suit by WorldCom Inc. investors over the underwriting of the long-distance company's securities. Details on the settlement; Profile of WorldCom; How other investment banking firms, which have not settled, will...

  • Save Those Bonuses! '05 Could be Skimpy. Hahn, Anital Louria // Investment Dealers' Digest;2/21/2005, Vol. 71 Issue 7, p11 

    The article reports that despite a booming M& business in the first two months of the year, investment bank executives are concerned that rising interest rates and a slowing fixed-income business will drag down Wall Street earnings in the second half, which will lower overall compensation for...

  • Penn Central refunds.  // Accountancy;Nov74, Vol. 85 Issue 975, p11 

    The article reports that investment bank Goldman Sachs has been ordered to make refunds amounting to approximately $4 million, when accrued interest is included, to three companies which invested in commercial paper issued by the Penn Central Transportation Co. before it shut down in 1970. More...

  • Merger lawsuits common, but investors seldom benefit. Skarbeck, Ken // Indianapolis Business Journal;6/18/2012, Vol. 33 Issue 16, p15A 

    The author offers his opinion on merger lawsuits, which investors seldom benefit.

  • Great Southern investors file class action. Kennedy, Chris // Money Management;10/21/2010, Vol. 24 Issue 39, p12 

    The article reports on the move of the investors in Australia with agribusiness provider Great Southern to introduce a class action to recover losses from the venture against Bendigo and Adelaide Bank (BABI).

  • IDD OutTakes.  // Investment Dealers' Digest;7/18/2005, Vol. 71 Issue 28, p4 

    The article focuses on various news items related investment. The New York Stock Exchange was ordered by State Supreme Court Judge Charles Ramos to turn over documents related to its planned acquisition of Archipelago Holdings to a group of three seat holders who are suing to block the deal....

  • Got Microsoft? Trustees should expect a fight. Holbrook, Dan W. // Tennessee Bar Journal;Apr2005, Vol. 41 Issue 4, p36 

    The article presents information on controversy generated between Microsoft Corp. and income beneficiaries of trusts on special dividend. On December 2, 2004, Microsoft paid a special dividend of $3 per share. Since the company had over 10 billion shares outstanding, the dividend amounted to...

  • Spotlight on…. Williams, Nadia // Personnel Today;3/21/2006, p37 

    The article reports on the recent publication of the Women and Work Commission's report that has pushed equal pay firmly back into the spotlight in Great Britain. Equal pay claims are already a costly business, as Dresdner Kleinwort Wasserstein discovered in January 2006. The investment bank...

  • An evaluation of investment banker acquisition advice: The shareholders' perspective. Michel, Allen; Shaked, Israel; You-Tay Lee // FM: The Journal of the Financial Management Association;Summer1991, Vol. 20 Issue 2, p40 

    The article presents an evaluation of investment banker acquisition advice. The recent wave of corporate acquisitions has brought renewed focus on the role of investment bankers in the acquisition process. While much has been written in the literature about the characteristics of mergers and...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics