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.
Update: Morgan Stanley $1.5 billion verdict
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 […]
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Coleman v. Morgan Stanley
Financier Ronald Perelman wins $604 million, with a request for punitive damages still to come, against Morgan Stanley on claims that the Wall Street firm defrauded him seven years ago when he sold camping equipment…
Turning over the e-mail
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