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Stock Market & Financial Investment News

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November 12, 2012
07:53 EDTMSMorgan Stanley sues Skowron over insider-tradng scheme, WSJ reports
Morgan Stanley (MS) sued Joseph "Chip" Skowron III, a former hedge-fund manager and onetime managing director at the bank, and said an insider-trading scheme for which he has been imprisoned cost the firm tens of millions of dollars, reports the Wall Street Journal. The bank is seeking over $65M from Skowron, a onetime manager at FrontPoint Partners, which used to be owned by Morgan Stanley. Reference Link
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