Discover Financial Services alleges in a lawsuit that it was forced to accept a $2.75 billion legal settlement because its former parent, Morgan Stanley, held secret, unauthorized talks with Visa Inc. and MasterCard Inc.

Morgan Stanley, which spun off Discover last year, is expecting $1.2 billion out of the settlement of the antitrust suit that Discover brought in 2004 against Visa and MasterCard. Announcing the settlement this October, Discover said Morgan Stanley had breached their agreement and was not entitled to share the money.

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