Morgan Stanley Unit Hit With $110M Suit Over RMBS

By Kaitlin Ugolik (October 2, 2012, 2:42 PM EDT) -- A unit of Morgan Stanley Mortgage Capital Inc. was hit Friday with a breach of contract suit in New York state court by a trustee for investors in mortgage-backed securities over at least $110.8 million in losses allegedly caused by the bank unit's mishandling of the underlying loans....

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