Morgan Stanley Told To Share More Data In Subprime Suit

Law360, New York (April 27, 2011, 2:19 PM EDT) -- A New York federal judge on Monday ordered Morgan Stanley & Co. Inc. to turn over more electronic data related to subprime notes that investors say were given artificially high marks by the bank and two ratings agencies.

U.S. District Judge Shira A. Scheindlin signed off on a special master's report that recommended expanding discovery relating to Morgan Stanley's knowledge of the underlying assets of the highly rated structured investment vehicle known as Cheyne SIV, which collapsed, leaving noteholders with billions of dollars in losses....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.