Home Page
An experienced guide to the world of finance
providing tools and information that help make
best financial decisions
My FinanceGates.com Register
 
Home  | News   |  Banking 



Market News Insurance Billing
Banking Business News World News
Funds Brokerage

Tuesday April 26, 11:00
Three Jurors in Perelman Vs. Morgan Stanley case may be removed
(by Julia Jenson)

Three jurors participating in the suit against Wall Street firm Morgan Stanley brought by financier Ron Perelman reported that a client of one of Mr. Perelman’s top litigators approached them with queries about the matter. This was revealed in the note sent to Florida State Judge Elizabeth Maass from jurors numbered 6,8 and 9 in the court records. The fact could lead to a mistrial.

"It was very obvious from the questions he was asking he was trying to get information from us," one of the jurors told the judge. The man asked if the trio were hearing the Morgan Stanley case. "He kept talking and asking us questions," the juror said.

The description most closely resembles Jack Scarola, a client of Perelman lawyer, who said in a statement: "I have no idea whether the individual who unsuccessfully sought to engage three of our jurors in conversation was one of my clients. What I do know is that if such an incident occurred, no one associated with Mr. Perelman or Mr. Perelman’s legal team had anything whatsoever to do with it."

Morgan Stanley is now asking for a mistrial in the light of the newly revealed facts,and the plaintiff’s lawyers have asked to remove the three jurors from the jury.

Mr. Perelman accuses Morgan Stanley of hiding from him the accounting problems at Sunbeam Corp., the appliance-making company to which Mr. Perelman sold his stake in Coleman Inc. in 1998. The value of the $1.5 billion stake was slashed after the accounting scandal broke out at Sunbeam Corp.

All banking news
Read the related news and articles:
18 May 2005 05:07 AM Perelman's suit against Morgan Stanley not over yet: focus on judge's ruling
10 May 2005 11:04 AM Purcell: UBS speech means nothing
03 May 2005 05:13 AM Morgan Stanley board disappoints investors opening way to prolonged fight
02 May 2005 04:33 AM Morgan Stanley board supports Purcell but makes it easier to oust him
22 Apr 2005 10:36 AM Morgan Stanley stock-trading operations move to Deutsche Bank
 


   KEYWORD SEARCH

KEYWORDS:

   SUBSCRIPTION
Join FinanceGates.com mailing list and get news and financial advices on home finance, auto finance, insurances, funds, online payments and much more.


Copyright © FinanceGates.com - independent financial advice and personal finance advice, an InternetGates.com company, 2003-2008. All rights reserved.
Finance Gates provides personal finance advice on banking, insurance, investing and billing.
Reading materials of this site you can be sure that you get independent financial advice.