BY AARON LUCCHETTI AND ROBIN SIDEL
Morgan Stanley won a ruling in its legal battle with former credit-card subsidiary Discover Financial Services Inc. over nearly $800 million that Morgan Stanley claims it is owed.
New York state Supreme Court Justice Barbara Kapnick said Monday that Discover is obligated to pay the amount as a special dividend to Morgan Stanley.
The ruling means that the Wall Street firm stands to boost its bottom line if the decision isn't reversed on appeal. The special dividend is equal to about 17% of the $4.5 billion Morgan Stanley is expected by analysts ...
