Utah Investor Suit Over Naked Short-Selling Scheme Remanded To State Court

(August 15, 2019, 1:56 PM EDT) -- SALT LAKE CITY — The Utah Supreme Court on Aug. 13 vacated and remanded an investor suit against Morgan Stanley & Co. LLC and other financial institutions to a state trial court with instructions for the court to conduct an examination of each defendant’s contacts with Utah and apply certain jurisdictional tests to determine whether specific personal jurisdiction exists over some of all of the defendants (Raser Technologies Inc. v. Morgan Stanley & Co. LLC, No. 20170325, Utah Sup., 2019 Utah LEXIS 126)....

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