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Abu Dhabi Commercial Bank et al v. Morgan Stanley & Co. Incorporated et al
Case Number:
1:08-cv-07508
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Boies Schiller
- Cahill Gordon
- Davis Polk
- Gibson Dunn
- Pomerantz LLP
- Robbins Geller
- Satterlee Stephens
- Schlichter Bogard
- Willkie Farr
Companies
- Abu Dhabi Commercial Bank
- Bank Hapoalim BM
- Commerzbank
- Morgan Stanley
- SEI Investments Co.
- S&P Global Inc.
- The Bank of New York Mellon Corp.
Sectors & Industries:
-
September 03, 2009
Morgan Stanley, Moody's, S&P On Hook In Fraud Suit
A judge has ruled that Morgan Stanley & Co. Inc., Moody's Investors Service Inc. and Standard & Poor's Rating Services must face class action fraud allegations that the firms deceived investors with overly favorable ratings of the first structured investment vehicle to fail in the credit crisis, while Bank of New York Mellon has been let off the hook.
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