Friday, July 6, 2007

UPDATE 1-Investor Perelman appeals Morgan Stanley decision

(Reuters) - NEW YORK, July 6 - U.S. billionaire Ronald
Perelman has gone to Florida's highest state court to overturn
an appeals court ruling that stripped him of a $1.58 billion
jury award against Morgan Stanley .




The 2005 award stemmed from accusations that the investment
bank defrauded Perelman in helping Sunbeam Corp. hide its shaky
finances while arranging Sunbeam's $1.5 billion purchase in
1998 of Coleman Co., a camping equipment maker controlled by
Perelman.


Read more at Reuters.com Bonds News

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