Frasers Group drops lawsuit against Morgan Stanley over $995m margin call in Ashley's trade with Hugo Boss.
Frasers Group, owned by UK retail tycoon Mike Ashley, has dropped its lawsuit against Morgan Stanley over a $995m margin call related to Ashley's trading position in German fashion group Hugo Boss. The lawsuit, which sought approximately $50m from the bank for losses after the margin call, was not about money, according to Ashley. The dispute has now been resolved, with no money exchanged by either party.
May 03, 2024
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