Morgan Stanley, Rating Agencies Can't Escape SIV Suit

Law360, New York (January 4, 2013, 4:10 PM EST) -- A New York federal judge on Thursday declined to toss Morgan Stanley & Co. Inc. and several credit ratings agencies from a long-running investor suit over the collapse of a structured investment vehicle that purportedly held more than $1 billion in toxic mortgage-backed securities. 

U.S. District Judge Shira Scheindlin denied Morgan Stanley’s summary judgment bid for aiding and abetting fraud claims and also said the ratings agencies must face fraud claims stemming from the collapse of the Rhinebridge SIV, which plaintiff King County, Wash., and Iowa...
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