Just in: Morgan Stanley damages verdict overturned

Morgan Stanley advised Sunbeam in its purchase of Perelman’s 82% stake in Coleman. Within weeks after the close of the deal, Sunbeam had fired CEO Al Dunlap and restated its earnings, steps that started the appliance company on the path to a 2001 bankruptcy filing that made its stock—14.1 million shares of which Perelman received in the deal—worthless. Perelman claimed the bank lured him into the deal by fraudulently misrepresenting Sunbeam’s financial condition.

Related story from TheDeal.com

Deal Video

	Inside The Deal: Cisco Systems' Ned Hooper on raising the bid for Tandberg.
More video...

Elsewhere on The Deal.com

Dealwatch

• Confectioners: Cadbury, Hershey, more
• Airline consolidation, bankruptcy
• AIG Inc.
• AOL

The Deal Magazine

• The kids are all right
• The search for auspiciousness
• Be true to your school
• Waiting to exhale

Corporate Dealmaker

• Deal Economy 2010: Cisco's Hooper on Tandberg pursuit
• Deal Economy 2010: IBM's Mendoza on IT services M&A
• Next up on mobile ad acquisitions
• Deal Economy 2010: GE's O'Brien on M&A strategy

The Deal Video

• Deal Economy 2010: AlixPartners' Deedy on retail bankruptcies
• Deal Economy 2010: GE's O'Brien on GE Capital lending
• Deal Economy 2010: Cisco's Hooper on M&A strategy
• Deal Economy 2010: Morgan Stanley's Smith Barney integration

Categories

• Bankruptcy
• Corporate restructuring
• Deal international
• Dealmakers
• Featured
• IPOs
• M&A
• Middle market
• Law & regulation
• Private capital
• Conferences
• Technology

Blog roll

• BloggingBuyouts
• BloggingStocks
• Dealbook
• DealBreaker
• Deal Journal
• FT Alphaville
• footnoted.org
• Going Private
• peHUB
• Reuters Dealzone
• SEC Investor
• Prince Of Wall Street
• Bankruptcy Bill
• Information Arbitrage

Archives

• November 2009
• October 2009
• September 2009
• August 2009
• July 2009
• June 2009
• May 2009
• April 2009
• March 2009
• February 2009
• January 2009
• December 2008
• November 2008
• October 2008
• September 2008
• August 2008
• July 2008
• June 2008
• May 2008
• April 2008
• March 2008
• February 2008
• January 2008
• December 2007
• November 2007
• October 2007
• September 2007
• August 2007
• July 2007
• June 2007
• May 2007
• April 2007
• March 2007
• February 2007
• January 2007
• December 2006
• November 2006
• October 2006
• September 2006
• August 2006
• July 2006
• June 2006
• May 2006
• April 2006
• March 2006
• February 2006
• January 2006
• December 2005