November 29, 2012
A Texas federal judge on Tuesday granted the Federal Deposit Insurance Corp.'s request to remand to state court a $67 million residential mortgage-backed securities suit against Morgan Stanley, rejecting the financial services giant's bid to move the case to New York.
October 30, 2012
A Texas federal judge granted Morgan Stanley's bid Tuesday to stay discovery in the Federal Deposit Insurance Corp.'s suit over its sale of $67 million in residential mortgage-backed securities to failed Franklin Bank SSB, finding that a fight over the correct forum should be resolved first.
June 14, 2012
Morgan Stanley on Wednesday again removed to Texas federal court a Federal Deposit Insurance Corp. lawsuit accusing the financial giant of making false statements and leaving out information in the sale and underwriting of $67 million in residential mortgage-backed securities to failed Franklin Bank SSB.