TITLE

Morgan Stanley Tops Discover in Court

PUB. DATE
January 2010
SOURCE
American Banker;1/6/2010, Vol. 175 Issue 3, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on a trial involving Morgan Stanley & Co. and Morgan Stanley's former subsidiary Discover Financial Services. New York State Supreme Court Justice Barbara Kapnick ruled that Discover Financial had to pay an estimated $800 million to Morgan Stanley as a special dividend in association with a $2.75 billion settlement payment Discover got from Visa Inc. and MasterCard Inc.
ACCESSION #
47409870

 

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