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Message Boards Settings TASER International, Inc. (TASR) - Quote Info
Taser suing Morgan Stanley - Naked Short Selling      7-Nov-09 09:25 pm    
In June 2008, we filed an amended complaint in the State Court of Fulton County, Georgia joining as a plaintiff in an existing lawsuit previously filed by certain current and former stockholders of the Company against Morgan Stanley & Co., Inc., and ten other brokerage firms alleging a conspiracy to unlawfully, deceptively, and fraudulently manipulate the price of the Company’s common stock in the context of illegal naked shorting. Specifically, the amended complaint alleges that the defendants committed conspiracy and endeavored to violate the Georgia Racketeer Influenced and Corrupt Organization Act; Securities Fraud; Theft By Taking; Theft By Deception; Violation of The Georgia Computer Systems Protection Act; Violation of the Georgia Securities Act; Violation of the Georgia Computer Systems Protection Act; and Conversion. The lawsuit seeks compensatory and punitive damages as well as expenses of litigation including attorneys’ fees and costs. Defendants have filed motions to dismiss or alternatively a motion for a more definite statement and, on July 29, 2009, the Court entered an order denying Defendants’ motion to dismiss and alternatively a motion for a more definite statement. Discovery has begun in this litigation.
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Taser suing Morgan Stanley - Naked Short Selling
lopopswz 7-Nov-09 09:25 pm  
 
WITH THE FBI STING ON HEDGE FUND CORRUPTION OF MAR...
jmj160 7-Nov-09 10:08 pm  
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TASER International Inc. (TASR)

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