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To: TobagoJack who wrote (7541)8/22/2001 11:16:21 AM
From: Ilaine  Respond to of 74559
 
Hi Jay - looks like I am not the only one who gets rubbed the wrong way by inflammatory language.-g-

>> Federal Judge Dismisses Lawsuits
Against Morgan Stanley's Meeker

BY COLLEEN DEBAISE
Dow Jones Newswires

In an unusually speedy action, a federal judge has dismissed several recent
lawsuits against Morgan Stanley Dean Witter Inc.'s Mary Meeker, calling
the allegations "gross and unrestrained."

U.S. District Judge Milton Pollack in Manhattan said the suits, which
accuse Meeker of issuing overly optimistic stock calls during the tech stock
bull market, are an example of "abusive litigation."

The judge gave the plaintiffs 30 days "to refine the pleadings to proper
allegations" and file an amended complaint.

Shareholders of Amazon.com Inc. and eBay
Inc. sued Morgan Stanley and Meeker on
Aug. 1 in Manhattan federal court. The
investors accused Meeker of issuing overly
positive calls on the companies' stocks to
generate investment banking fees for her firm
and pump up her own salary in the process.

Fred Isquith, an attorney for the plaintiffs, hadn't yet reviewed the judge's
order.

"We are gratified but not surprised by this decision," said a Morgan
Stanley spokesman. "We have said consistently that these complaints are
nothing more than publicity stunts masquerading as lawsuits."

In a three-page order, Judge Pollack stated that Ms. Meeker is
"derogatorily dubbed" as the Internet Queen in the suits, and that the suits
contain "a collection of market gossip" excerpted from the news media.
"The jury speeches taken from the media and chronicled in the complaint
are hardly what is known as elements of proper pleading of a right to
relief," the judge wrote.

Judge Pollack also wrote in the order that the litigation against Ms. Meeker
"is hopelessly redundant, argumentative, and has much irrelevancy and
inflammatory material."

He noted that the district court has the power to dismiss a lawsuit when
certain requirements aren't met. In this instance, "the complaint filed herein
is an abuse of the tenets of federal pleading and to say the least is in grossly
bad taste," he wrote.

The conflict-of-interest allegations are the focus of recent investor lawsuits
against not just Morgan Stanley but all the major securities firms. It wasn't
immediately clear how the judge's order would affect the other suits.<<

interactive.wsj.com



To: TobagoJack who wrote (7541)8/31/2001 8:46:55 AM
From: smolejv@gmx.net  Read Replies (2) | Respond to of 74559
 
>>....but where have you gone off to? A typical 4 week Euro holiday on appreciating virtual money?<<

Bull's eye J, except it was 10 days.

To top it, I was to a place with no Internet (aka portfolio) access, while fully invested with 30% in puts. Some like it hot. It was taunting to see Maria in the evenings (you cant escape HER) but then have no chance (and, thank God, no need) to fight back.

On the subject of these 10 days I'll go mega OT some time over the weekend.

Right now I am in the Bled public library (www.bled.si). Usually this place is brimming with trampers from all over the world, doing their hotmail. The season is now slowly fading away (it rains) so the place is now sort of empty, there's just one member of the St Pepper's lonely hearts club band, doing crosswords on the net. Darn, its back to school time next week (sigh...)

Im wearing a very much washed-out Siliconinvestor T-shirt, showing of my chocolate-brown bicepses and (olive-oil-diet-induced) belly-mountain. Iron presses here I come.

And now off to my account to see the bottom line - wth is the password again?

RegZ

dj