Previous Close | 8.08 |
Open | 8.08 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's Range | 8.08 - 8.08 |
52 Week Range | 8.08 - 8.08 |
Volume | |
Avg. Volume | 0 |
Market Cap | 4.644B |
Beta (5Y Monthly) | 1.93 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.23 |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
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.