Ex-Morgan Stanley Banker Tells Judge Venture Stiffed Him
Law360, London (May 13, 2019, 8:50 PM BST) -- A former Morgan Stanley banker's attorney told a London judge during opening statements Monday his client is due profits from a joint venture with a real estate investment firm, fighting the banker's former business partner's claim that he ducked out on the redevelopment projects.
Daniel Donovan's role in the joint venture was to secure funds for the redevelopment projects, which he did, according to his attorney, Andrew Green of Blackstone Chambers. It was left to defendant Grainmarket Asset Management LLP, or GAM, and its owner, Mark Crader, to supervise the redevelopment and sale of the properties.
"It's clear that Mr. Donovan's...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!