Investors Try To Resuscitate Morgan Stanley Suits

Law360, New York (November 13, 2009, 3:50 PM EST) -- Morgan Stanley mutual fund investors Friday turned to the U.S. Court of Appeals for the Second Circuit to revive two class actions alleging the financial services firm failed to disclose risks tied to the fact that the mutual fund portfolios largely consisted of the firm’s own investment banking clients.

Appealing the February dismissal of their suits, the mutual fund investors urged Judges Richard Wesley, Joseph McLaughlin and Lawrence Kahn to resurrect allegations that conflicts of interest at the firm exposed investors to increased risks that Morgan...
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