Disruptive Technology Solutions LLC has accused Morgan Stanley of leaking information about pending large block sales of shares of Palantir technologies, that they were ordered to carry out quietly, according to the Wall Street Journal. The Journal says that the Securities and Exchange Commission and Justice Department are investigating whether banks tipped off clients about the pending sales. The Journal says that the SEC has asked for trading records and electronic communications from a number of banks and hedge funds and that Morgan Stanley has responded. Disruptive Technology has filed for arbitration against the bank seeming compensatory and punitive damages, according to the Journal.
JEFFREY NEWMAN IS A WHISTLEBLOWER LAWYER AT THE FIRM NEWMAN & SHAPIRO. HE CAN BE REACHED AT JNEWMAN@NEWMANSHAPIRO.COM OR 978-880-4758