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Meeker integrity 'beyond reproach'

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A New York judge has dismissed claims that Morgan Stanley and its high profile analyst Mary Meeker - dubbed the "Queen of the Internet" - had allegedly provided skewed research on a number of dotcom companies.

The judge's decision means that Ms Meeker's integrity is "beyond reproach", said a spokesperson for the global financial services firm.

Disgruntled investors had looked for someone to blame as their investments tumbled from the heights of the dotcom boom.

The judge, who in August gave the plaintiffs 30 days to re-file their complaints, described the suits as "gross and unrestrained".

In a statement, Mayree Clark, Morgan Stanley's Global Head of Research, said: "We are gratified, but not surprised, by this decision.

"We've said consistently that these complaints were publicity stunts masquerading as lawsuits. Our research is thorough and objective, and Mary Meeker's integrity is beyond reproach."

Both Morgan Stanley and Ms Meeker have agreed not to seek sanctions against the plaintiffs and their counsel over the failed lawsuits. ®

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