Morgan Stanley Says Bankrupt EV Firm Owes $10 Million Deal Fee

Morgan Stanley claims it wasn’t paid most of a $12 million fee for advising now-bankrupt electric-vehicle technology firm Ideanomics Inc. on its acquisition of VIA Motorsyears earlier.

The transaction fee was described in a claim Morgan Stanley filed the day after Christmas in Ideanomics’ Chapter 11 case. The firm says it’s still owed more than $10 million for advisory work on the VIA Motors acquisition, which closed in January 2023.

Morgan Stanley acted as an exclusive financial adviser to Ideanomics on the acquisition, which — at the time it was announced in 2021 — valued electric-vehicle maker VIA at ...