Morgan Stanley, Ratings Cos. Agree To Pay $225M In SIV Row

Law360, Los Angeles (April 29, 2013, 10:33 PM EDT) -- Morgan Stanley & Co. Inc., Moody's Investors Service and Standard & Poor's Rating Services are paying $225 million to settle two long-running class actions alleging they misled investors about structured investment vehicles that contained risky mortgage-backed securities, according to a Monday report.

Lead plaintiffs Abu Dhabi Commercial Bank and King County, Wash., filed joint stipulations of dismissal with the defendants Friday in the two suits after reaching the $225 million settlement, according to the Wall Street Journal, which cited an anonymous source close to the matter....
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