Greg Joseph Preserves $245 Million Citi Win in Morgan Stanley Swap Case

, The Litigation Daily

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It's been three years since Citigroup sued Morgan Stanley for allegedly refusing to honor a credit default swap on a busted CDO, pitting former Fried Frank litigation chair Gregory Joseph against Morgan Stanley's lawyers at Quinn Emanuel. On Tuesday Joseph brought his client a big step closer to collecting a $245 million judgment in the case, when the Second Circuit refused to give Morgan Stanley another shot at dodging Citi's claims.

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