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Morgan Stanley has taken the extreme step of suing a client, charging children's TV programmer Haim Saban with reneging on $11.9 million in fees the investment bank claims it's owed for assisting in the 2001 sale of Fox Family Worldwide to the Walt Disney Co. The suit has elicited a public response from Saban, who countered on Tuesday that "Morgan Stanley is overreaching in their demands."
February 27, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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