The financial services firm has now filed its appeal of the mega-verdict (see May 18) awarded in a Florida court to billionaire financier Ron Perelman, who sued Morgan over its role in a 1998 deal involving Sunbeam Corp.’s acquisition of the Coleman camping equipment firm. “Before trial, Judge Maass issued an order for partial summary judgment based on a violation of her discovery order. Her ruling prevented Morgan Stanley from disputing any of the facts alleged by Perelman.” (Carl Jones, “Morgan Stanley: ‘Record Is Clear’ That Florida Judge Erred”, Miami Daily Business Review, Dec. 14). Update Mar. 22, 2007: appeals court overturns verdict.
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