Anschutz May Doom SIV Claims Against Morgan Stanley, Others

Law360, New York (September 11, 2012, 10:03 PM EDT) -- A New York federal judge on Tuesday said she may dismiss negligent misrepresentation claims against Morgan Stanley & Co. Inc. and other rating agencies in a shareholder suit over the collapse of structured investment vehicles, citing the recent Second Circuit decision in Anschutz Corp. v. Merrill Lynch & Co.

In a Tuesday status conference, U.S. District Judge Shira A. Scheindlin said a putative class of investors led by King County, Wash., must show Morgan Stanley and other rating agencies had "direct contact" with investors to prove...
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