SEC press release: “The Securities and Exchange Commission today filed a civil injunctive action against Morgan Stanley & Co. Incorporated for failing to produce tens of thousands of e-mails during the Commission’s IPO and Research Analyst investigations from Dec. 11, 2000, through at least July 2005. The Commission alleges in its complaint that Morgan Stanley did not diligently search for back-up tapes containing responsive e-mails until 2005. Morgan Stanley also failed to produce responsive e-mails because it over-wrote back-up tapes.”