SECURITIES

Morgan Stanley Unit Sued in Maxwell Case: London-based Mirror Group Newspapers Pension Trustees seeks $100 million it said was plundered by media tycoon Robert Maxwell before his death. “This claim is without foundation, and we will seek to ensure that it will be seen as such if it comes before the courts,” a Morgan Stanley spokeswoman said. The suit was filed Friday in New York against Morgan Stanley Trust Co., a unit of Morgan Stanley Group Inc. The Mirror pension fund was one of several funds Maxwell allegedly used to keep his debt-ridden company afloat. The pension fund has accused several investment banks of helping the Mirror Group to defraud the funds. The suit against Morgan Stanley is the last claim by the fund, which now has recovered enough cash to meet its pension obligations, the Sunday Times of London reported.