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Morgan Stanley drops employee claim

Morgan Stanley HQ

Morgan Stanley said it will drop its remaining claims in a lawsuit against Joseph 'Chip' Skowron after a federal judge ordered the former fund manager and convicted inside trader to repay $31m in compensation.

Neuberger Berman plans to hire

For Hire

Neuberger Berman, the money manager that was part of Lehman Brothers until that firm failed, has more than doubled its assets in East Asia since March 2010 and plans to add staff in the region.

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