Rating Agencies Dodge Claims In $9B Investor Suit

Law360, New York (September 20, 2012, 1:21 PM EDT) -- A putative class of investors suing Morgan Stanley & Co. Inc. and two rating agencies over the collapse of a $9 billion structured investment vehicle have agreed to drop negligent misrepresentation claims against the agencies in light of a recent Second Circuit ruling, a New York federal judge said Wednesday.

U.S. District Judge Shira A. Scheindlin dismissed the claims after the plaintiffs — a group of investors led by Abu Dhabi Commercial Bank — agreed they were bound by the Aug. 14 decision in Anschutz Corp....
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