Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Thursday, April 24, 2008

Estate of James Brown Sues Morgan Stanely

The estate of singer James Brown brought a lawsuit charging that Morgan Stanley failed to prevent the late singer's manager from stealing money from his investment account.  The lawyers for the estate say there is no mandatory arbitration agreement.  Morgan Stanley said that the suit was without merit.  NYTimes, Stewards of James Brown Estate Sue Morgan Stanley.

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