Friday, May 13, 2005

Jury deliberations begin today in investor Ron Perelman's $2.7 billion lawsuit against New York investment firm Morgan Stanley, according to numerous published sources.
Perelman claims the firm misled him by not revealing the extent of Sunbeam's financial problems before he sold Coleman to Sunbeam in exchange for Sunbeam stock. Shortly after the sale was finalized, Sunbeam filed for bankruptcy.

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