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Tag: Morgan Stanley

Morgan Stanley to pay $60 million to resolve data security lawsuit


Morgan Stanley to pay $60 million to resolve data security lawsuit

January 3, 2022SSN Staff

NEW YORK—Morgan Stanley, a leading global financial services firm providing investment banking, securities, wealth management and investment management services, has agreed to pay $60 million to settle a data security lawsuit by customers claiming the firm failed to safeguard their personal information. The agreement, if approved by a federal judge in Manhattan, would resolve claims over two security breaches that compromised personal information of 15 million current and former clients,...

Morgan Stanley

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This Blog's on Fire (And Other Stuff)

Protection 1 on the block?

August 5, 2014Tess Nacelewicz

Home security giant Protection 1 is up for sale for more than $1.5 billion, according to a Reuters news report this week. GTCR, the private equity firm that bought Protection 1 in 2010 for $828 million has asked Morgan Stanley to help in the sales effort, the news service reported Aug. 4. I've reached out to Romeoville, Illinois-based Protection 1 for comment on the report, which Reuters ascribed to unidentified sources. Protection 1 is one of the largest full-service business and home security companies...

GTCR, Morgan Stanley, Protection 1, The Blackstone Group, Vivint

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Also Noted

ADT shares upgraded to equal weight

May 9, 2013SSN Staff

BOCA RATON, Fla.—Morgan Stanley this week upgraded shares of The ADT Corp. from an underweight to an equal weight rating in a report sent recently to investors, according to multiple reports. The firm currently has a $47.00 price target on the stock. Several other financial analysts have assessed ADT's share value of late. Barclay Capital analysts cut their price target on shares of ADT from $47.00 to $44.00 in a May 2 note to investors, giving the stock an equal weight rating. Separately,...

ADT, Argus, Barclay Capital, Imperial Capital, Morgan Stanley, Physical Security, Residential Security

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Also Noted

Morgan Stanley downgrades ADT rating

April 5, 2013SSN Staff

BOCA RATON, Fla.—A report published this week by Morgan Stanley analyst Nigel Coe downgraded the rating on The ADT Corp. from equal-weight to underweight, citing a lack of “residual upside,” according to an article from, a market-watch website. In the April 3 report, the price target was lowered from $50 to $48. “Our price target falls by $2 to $48, driven by slightly more conservative longer-term Pulse adoption rate and attrition forecasts, in light of our most...

ADT, Benzinga, Morgan Stanley, Nigel Coe

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