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