Bill Hwang, laminitis of Tiger Asia Management LLC, exits national tribunal successful Newark, New Jersey, U.S., connected Wednesday, Dec. 12, 2012.
Emile Warnsteker | Bloomberg | Getty Images
Morgan Stanley posted blockbuster results for the archetypal quarter, but a azygous premier brokerage lawsuit outgo the steadfast astir $1 billion.
The steadfast had a $644 cardinal nonaccomplishment from a "credit event" for that client, arsenic good arsenic $267 cardinal successful related trading losses, the New York-based slope said Friday successful first-quarter net results. That lawsuit was Bill Hwang's Archegos, according to a idiosyncratic with nonstop cognition of the matter.
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