Morgan Stanley Can't Exit Muni Bond MDL: Judge

Law360, New York (April 12, 2010, 4:01 PM EDT) -- A federal judge has refused to revisit a recent decision not to dismiss Morgan Stanley from a proposed class action accusing over a dozen banks and financial advisers of fixing prices of municipal derivatives sold in the United States.

Judge Victor Marrero of the U.S. District Court for the Southern District of New York said in an order Friday he would not revisit his earlier decision, saying that Morgan Stanley's motion for reconsideration “reiterates essentially the same arguments made in its motion to dismiss, points that...
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