A lawsuit brought against leading internet-sector financial analyst Mary Meeker has been dismissed by a New York judge who called it "in grossly bad taste."
Judge Milton Pollack said the lawsuit's claim for damages was "hopelessly redundant, argumentative, and had much irrelevancy and inflammatory material."
Morgan Stanley analyst Meeker became well known for her bullish assessments of dotcom stocks such as Amazon.com, helping many to float on Wall Street.
But investors soured by the collapse of dotcom stocks last year accused Meeker's research of being less than objective, being motivated more by the aim to attract dotcoms as clients for her employer and thus earn bonuses.
Morgan Stanley had maintained that the suit was nothing but a publicity stunt, and Judge Pollack criticised those behind the suit for abusing "the tenets of federal pleading."
He said: "A complaint is not a vehicle in which to air, and put in issue, the views of newspapers, magazines and social engineers and their conclusions."
He also said the suit was predictable after the dotcom crash.
"It came during the inevitable sequel after boom periods. Opinions turned sour by uncontrollable tidal waves of the economic cycle are substituted for considered standards of conduct."
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