In 1999, Morgan Stanley underwrote $26 million in Pullman bonds for soul legend James Brown, backed by the royalty income from his music. It also managed various accounts held by the estate. However, the New York Times reports that Brown's estate now is suing the investment bank, saying it did not do enough to stop one-time manager David Cannon from pilfering the proceeds over time. The accounts originally were designed to generate $1.1 million a year for Brown. Morgan Stanley says it had proper documents that authorized Cannon to manage the estate's funds. A Morgan Stanley adviser, however, questioned Cannon over the years about various dubious transfers from the account.  

For more:
- here's the New York Times article