UBS Seeks To Appeal Disclosure Ruling In $113M MBS Suit

Law360, Dallas (April 30, 2013, 8:48 PM EDT) -- UBS Financial Services Inc, Morgan Stanley & Co. LLC and others sought permission Monday to appeal a finding that they may have had a duty to disclose risks in their mortgage-backed securities to a Texas bank that says it lost $113 million because of their misrepresentations.

With JP Morgan Securities LLC, as the successor to Bear Stearns & Co. Inc.,  and Merrill Lynch & Co. Inc., the banks said when U.S. District Judge Sam A. Lindsay denied their motion to dismiss the suit in Texas federal...
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