Morgan Stanley Shareholders Threaten Further Legal Action
Byline: Jeremy Adams in New York
Richard Albrecht, the Morgan Stanley shareholder who has accused the bulge-bracket bank of illegal conduct in managing IPOs during the technology boom, warned last week that he will continue his fight.
Albrecht is considering his next step after he dropped an initial complaint made against Morgan Stanley's management team, including Philip Purcell, the chief executive.
The claim was dropped in the same week that Credit Suisse First Boston reportedly tried to broker a deal that would end the investigation into its own IPO practices.
Albrecht's complaint referred to Marimba, Ariba and Avici, three US technology …
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: Morgan Stanley Shareholders Threaten Further Legal Action. Contributors: Not available. Newspaper title: Financial News. Publication date: October 22, 2001. Page number: Not available. © Not available. COPYRIGHT 2001 Gale Group.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.