On Friday, a U.S. district court judge reinstated part of a purported class action that accuses a Morgan Stanley subsidiary of making false and misleading statements in its offering materials for mortgage-backed securities. The decision is the latest to follow a Second Circuit ruling last fall that expanded the right of plaintiffs to assert standing in MBS suits against banks.
Judge Relies on Second Circuit Ruling to Reinstate MBS Claims Against Morgan Stanley
The Litigation Daily
January 14, 2013
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