Top NY Court Takes Closer Look At Commerzbank Fraud Claim
By Pete Brush ( November 20, 2014, 3:04 PM EST) -- New York's top court on Thursday took up Commerzbank AG's bid to revive a fraud claim against Morgan Stanley & Co. after the Second Circuit said a lower court gave impermissibly short shrift to the German bank's key assertion that it had acquired the claim — related to a failed, complex debt investment — when it purchased another bank....
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