Previous close | 817.00 |
Open | 0.00 |
Bid | 0.00 x N/A |
Ask | 0.00 x N/A |
Day's range | 0.00 - 0.00 |
52-week range | |
Volume | |
Avg. volume | 692,523 |
Market cap | 3.645B |
Beta (5Y monthly) | 1.93 |
PE ratio (TTM) | 7.93 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 12 May 2010 |
1y target est | N/A |
Frasers Group, the UK-based retail conglomerate led by Mike Ashley, has asked a New York court to compel Morgan Stanley CEO James Gorman to provide evidence for a UK lawsuit against the bank, according to an announcement made on Friday. The lawsuit pertains to a disputed $1bn margin call related to trades in Hugo Boss, which Frasers alleges was maintained "arbitrarily" and "incorrectly" by the bank.
Frasers Group has requested a New York court to demand Morgan Stanley's CEO, James Gorman, to produce evidence relevant to a lawsuit it initiated against the bank in 2021. The case pertains to an almost $1bn margin call on trades in Hugo Boss, which Frasers alleges was handled "arbitrarily" and "incorrectly" by Morgan Stanley.
The chief executive of Morgan Stanley has been dragged into a legal battle between Mike Ashley’s Frasers Group and the bank over a $1bn (£810m) margin call.