Judge Preliminarily Approves Settlement In Shareholder Derivative Action

NEW YORK A federal judge in New York on Feb. 9 granted preliminary approval of a stipulation of settlement between investors and certain officers and directors of Morgan Stanley & Co. Inc., settling derivative claims that the defendants illegally manipulated the market for auction-rate securities (In re Morgan Stanley & Co., Inc. Auction Rate Securities Derivative Litigation, No. 08-7587, S.D. N.Y.). Full story on lexis.com