Morgan Stanley Strikes Back At CDO Fraud Claims

Law360, New York (December 6, 2011, 8:38 PM EST) -- Morgan Stanley & Co. Inc. on Monday denied fraud allegations lodged by 18 Singaporean investors who accused the financial services giant of taking unfair bets against mortgage-backed security investments, purportedly resulting in a $154.7 million loss.

The financial firm filed an answer in New York federal court contesting all claims brought in the suit, which alleges that the company took a short position against a synthetic collateralized debt obligation it packaged and marketed so it would see profits when investors lost out. The company further demanded...
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Case Information

Case Title

Dandong et al v. Pinnacle Performance Limited et al

Case Number



New York Southern

Nature of Suit

Other Fraud


Jesse M. Furman

Date Filed

October 25, 2010

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