Green Street Advisors analyst John Arabia asks: Why didn't Sternlicht have Starwood invest in Priceline, as did another Priceline supplier, Delta Air Lines?
"What we do is a reasonable measure to know the identity of each customer, " says John Ricci, general counsel for Green Dot, which apparently didn't get wise to Wamsley-Saxon (someone tipped off the cops) but cooperated with the investigation.
John Arabia, of Green Street Advisors, predicts Morgans will ultimately triumph and that the legal wranglings won't hurt Morgans reputation as a manager.