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...
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