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When Morgan Stanley's board of directors sent a letter to eight dissident shareholders who have been stirring the pot against CEO Philip Purcell, some observers surmised the board was threatening to sue the so-called Group of Eight. Or was the board just posturing? Class action lawyer Melvyn Weiss dismisses the potential of a suit -- as does a Columbia law school professor, who says, "In these kinds of cases, where a lot of testosterone is involved, some very strained legal theories sometimes get raised."
April 26, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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