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Morgan Stanley Wanted CDO To Tank, Hedge Fund Claims

By Stewart Bishop (April 11, 2016, 6:24 PM EDT) -- An Australian hedge fund on Monday asked a New York judge for leave to amend its $17 million fraud suit targeting Morgan Stanley over its marketing of a $500 million collateralized debt obligation purportedly packed with toxic securities, saying new evidence shows the financial giant intended for the CDO to tank....

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