Morgan Stanley Prevails Over Perelman in Florida Supreme Court

The intermediate appellate court's reversal of the $1.58 billion judgment entered against Morgan Stanley in Florida state court (see our post of March 23, 2007) is now final and unreviewable. The Florida Supreme Court voted 5-0 to reject Pereleman's attempt to reinstate the jury's verdict. The New York Times article reporting this development can be found at: http://www.nytimes.com/2007/12/13/business/13morgan.html?_r=1&ref=business&oref=slogin.

This failure to review is baffling. The intermediate appellate court was split, and the issues are important. The Florida Supreme Court really thinks it has better things to do?

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