Reports: Morgan Stanley Sued For Fraud By Investors In CDO - Update

Reports: Morgan Stanley Sued For Fraud By Investors In CDO - Update

  • Posted Wednesday, December 30, 2009 -
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Morgan Stanley (MS) has been sued by a Virgin Islands pension fund that has accused the bank of defrauding investors in a collateralized-debt obligation, called the Libertas CDO, by marketing $1.2 billion of risky mortgage-related notes that it expected to fail, media reports said Tuesday.view original article

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