Monday, January 08, 2007

Morgan Stanley Case Could Shed Light on Limits of E-Discovery

:: Bullet Points :: » Morgan Stanley Case Could Shed Light on Limits of E-Discovery: "The holidays are bringing a headache for investment firm Morgan Stanley, which has been hit with a complaint by U.S. regulatory authorities alleging it failed to adequately inform its investors that e-mail it claimed had been destroyed by the 9/11 terror attacks had in fact been safely backed up.

With implications far beyond its own case, the dispute raises a thorny legal question over to what lengths a firm must go in searching for electronic files when presented with a demand for discovery in a legal proceeding.

Discovery is the legal process by which parties in a lawsuit or criminal case can demand information or documents from the other side, and it is changing fast."

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