Great Plains Trust Co. v. Morgan Stanley Dean Witter & Co.
Court of Appeals for the Fifth Circuit
1Opinion of the Court
FITZWATER, District Judge:
We are called upon to decide a second time whether Morgan Stanley Dean Witter & Co. (“Morgan Stanley”) and its employees can be held liable to third parties for a due diligence investigation that Morgan Stanley performed and for a fairness opinion that it provided as a financial advisor to its client, Allwaste, Inc. (“Allwaste”), concerning Allwaste’s proposed merger with Philip Services Corporation (“Philip”). In Collins v. Morgan Stanley Dean Witter, 224 F.3d 496 (5th Cir.2000), we upheld the Fed.R.Civ.P. 12(b)(6) dismissal of a suit by holders of Allwaste stock…
2Cases cited54 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Collins v. Morgan Stanley Dean WitterCourt of Appeals for the Fifth Circuit · 2000
- Transportation Insurance Co. v. MorielTexas Supreme Court · 1994
- Manguno v. Prudential Property & Casualty InsuranceCourt of Appeals for the Fifth Circuit · 2002
- Doe v. Boys Clubs of Greater Dallas, Inc.Texas Supreme Court · 1995
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- Doe v. MySpace, Inc.Court of Appeals for the Fifth Circuit · 2008
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