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Morgan Stanley Forced To Face CDO Fraud Claims In NY

Law360, New York (December 13, 2011, 2:36 PM EST) -- A federal judge in New York barred Morgan Stanley & Co. Inc. on Monday from bumping a $155 million investor fraud suit to Singapore and denied it a chance to convince an appeals court to dismiss class action claims that it rigged mortgage-backed investments to fail.

U.S. District Judge Leonard Sand granted the 18 Singapore investors an injunction preventing Morgan Stanley from pursuing an anti-suit injunction in Singapore that would bar plaintiffs from litigating outside that jurisdiction. The court also refused the defendants an interlocutory appeal...
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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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