Morgan Stanley Beats False Ad Claims Over $72.4M Loss

Law360, San Francisco (October 24, 2013, 1:46 PM ET) -- Morgan Stanley & Co. Inc. Wednesday beat Hong Leong Finance Ltd.'s false advertising suit claiming the bank tricked Singaporean investors into losing $72.4 million on risky collateralized debt obligations, after a New York federal judge ruled that Hong Leong didn't prove the bank had any contact with overseas investors.

U.S. District Judge Jesse Furman threw out Hong Leong's Lanham Act claims, which accused Morgan Stanley of illegally misleading foreign investors about the reliability of notes issued by Morgan Stanley special purpose vehicle Pinnacle Performance Ltd., because...
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Case Title

Hong Leong Finance Limited (Singapore) v. Pinnacle Performance Limited et al


Case Number

1:12-cv-06010

Court

New York Southern

Nature of Suit

Fraud or Truth-In-Lending

Judge

Jesse M. Furman

Date Filed

August 6, 2012

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