Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
The settlement was $2.75 billion but Morgan Stanley gets over half of that. They were the company that owned Discover before it was spun off as a seperate company. Discover still gets around $1.25 billion which is impressive for a company the size of Discover that is worth about 4x that amount.
I'm curious what their law firm got from the settlement? I found the name of the firm which is Constantine Cannon LLP. In 2003 they also won largest antitrust settlement in history for the Re Visa check settlement.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
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