Morgan Stanley Can't Shake MetLife's $757M RMBS Suit

Law360, Los Angeles (July 16, 2013, 7:56 PM EDT) -- A New York state judge has ruled that Morgan Stanley must face claims it misrepresented the quality of over $757 million of residential mortgage-backed securities it sold to Metropolitan Life Insurance Co., saying MetLife adequately pleaded that the investment bank knew about false statements and omissions in its RMBS offering documents. 

In a decision made public Tuesday, U.S. District Judge Eileen Bransten denied Morgan Stanley's motion to dismiss the case with respect to nearly all of MetLife's claims, saying MetLife provided enough evidence to support allegations...
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