Judge Rules Morgan Stanley Helped Defraud Financier Perelman

Angered by the defendant's failure to produce discovery documents, a judge in Florida granted partial summary judgment Wednesday in favor of financier Ronald Perelman in his multibillion-dollar lawsuit against Morgan Stanley & Co. Palm Beach County Circuit Judge Elizabeth T. Maass' order castigated Morgan Stanley for "deliberately" violating orders to produce documents in the case. That refusal, she wrote, harmed Perelman's case in a way "that cannot be cured. The judicial system cannot function this way."

This article requires premium access

This article requires premium access to Law.com. Please sign in or subscribe to read the full text.