Electronic Discovery Law

Posted at 8:18 AM on May 11, 2006 by K&L Gates

Morgan Stanley to Pay $15 Million Fine to Settle E-Discovery Charges

From the New York Times:

"Wall Street powerhouse Morgan Stanley & Co. Inc. has agreed to pay a $15 million civil fine to settle federal regulators' charges that it repeatedly failed to provide tens of thousands of e-mails that they sought in major investigations over several years, federal regulators said Wednesday.

The Securities and Exchange Commission announced the settlement with Morgan Stanley, which neither admitted nor denied the allegations but did consent to a permanent injunction against future violations of the securities laws. In a civil lawsuit filed in federal court in Washington, the SEC also accused the investment firm of making "numerous misstatements" regarding the status of its efforts to preserve and produce the requested e-mails."

Read the entire story here.

Trackbacks (0) Links to blogs that reference this article Trackback URL
Comments (0) Read through and enter the discussion with the form at the end
This blog/Web site is made available by the contributing lawyers or law firm publisher solely for educational purposes to provide general information about general legal principles and not to provide specific legal advice applicable to any particular circumstance. By using this blog/Web site, you understand that there is no attorney client relationship intended or formed between you and the blog/Web site publisher or any contributing lawyer. The blog/Web site should not be used as a substitute for competent legal advice from a lawyer you have retained and who has agreed to represent you.

K&L Gates includes lawyers practicing out of more than 40 fully integrated offices located in North America, Europe, Asia, South America, and the Middle East, and represents numerous GLOBAL 500, FORTUNE 100, and FTSE 100 corporations, in addition to growth and middle market companies, entrepreneurs, capital market participants and public sector entities. For more information about K&L Gates or its locations and registrations, visit www.klgates.com.

Portions of this Web site may contain Attorney Advertising under the rules of some states. Prior results do not guarantee a similar outcome.

e-Discovery Analysis & Technology group at K&L Gates, offering services related to ediscovery, review of electronic documents, electronic discovery and electronic evidence discovery.
K&L Gates LLP
925 Fourth Avenue, Suite 2900, Seattle, Washington 98104-1158
p. 206.623.7580, f. 206.623.7022