Legal Opinion
State v. Morgan Stanley & Co., Inc.
West Virginia Supreme Court
Decided June 5, 1995No. 22358PublishedCited by 13 opinions
1Opinion of the Court
NEELY, Senior Justice:
La vittoria trova cento padri, e nessuno vuole riconoscere I’insuccesso. 1
The issues before us today are whether a summary judgment for roughly $52 million entered against Morgan Stanley & Co., the New York securities dealer, in favor of the State of West Virginia was proper, and whether a jury properly returned a $4.9 million verdict against Morgan Stanley for constructive fraud. We find neither proper and reverse.
An Overview
In 1978, at the behest of then State Treasurer Larrie Bailey, the West Virginia Legislature created the West Virginia Consolidated Fund, which is a…
2Cases cited31 opinions
- Painter v. PeavyWest Virginia Supreme Court · 1994
- Aetna Casualty & Surety Co. v. Federal Insurance Co. of New YorkWest Virginia Supreme Court · 1963
- TXO Production Corp. v. Alliance Resources Corp.Supreme Court of the United States · 1993
- Sparf v. United StatesSupreme Court of the United States · 1895
- Securities & Exchange Commission v. Ralston Purina Co.Supreme Court of the United States · 1953
26 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Mallet v. PickensWest Virginia Supreme Court · 1999
- Cordial v. Ernst & YoungWest Virginia Supreme Court · 1996
- Procter & Gamble Co. v. Bankers Trust Co.District Court, S.D. Ohio · 1996
- Lehman Bros. Commercial v. Minmetals International Non-Ferrous Metals Trading Co.District Court, S.D. New York · 2000
- City of Huntington v. BaconWest Virginia Supreme Court · 1996
8 more not listed; retrieve them via the Exa API.