April 04, 2018
Deutsche Bank National Trust Co. on Wednesday resolved its nearly 4-year-old suit accusing a Morgan Stanley unit of stuffing shoddy loans into a $735 million residential mortgage-backed securitization trust, having received settlement approval from a majority of the trust's investors.
March 20, 2018
Attorneys on both sides of Deutsche Bank National Trust Co.'s suit accusing a Morgan Stanley unit of having put bad loans into a residential mortgage-backed securitization trust urged a New York federal judge on Tuesday to leave the case on pause while trust investors vote on a proposed $37.5 million settlement.
January 26, 2018
Deutsche Bank National Trust Co. can proceed to trial with its suit alleging that a Morgan Stanley unit stuffed a $735 million pool of residential mortgages with bad loans and then failed to live up its contractual obligations, a New York federal judge ruled Thursday.
January 10, 2018
A New York federal judge on Wednesday revived Deutsche Bank's claim that Morgan Stanley breached a contract by failing to notify it about problems in the residential mortgage trust at issue in a $306 million suit, saying the law had changed since the claim was dismissed.
June 22, 2017
A Deutsche Bank unit fired back Thursday at a Morgan Stanley subsidiary's bid for a quick win against a $306 million contract suit over a residential mortgage trust, saying there is nothing wrong with using sampling to identify defective loans among more than 4,000 Deutsche Bank oversaw as trustee.
May 09, 2017
Morgan Stanley pushed a New York federal court on Monday to grant it a quick win in Deutsche Bank's $306 million suit over allegedly shoddy residential mortgage-backed securities, saying the German bank took numerous shortcuts in the case to avoid proving breaches on a loan-by-loan basis.
November 14, 2016
A New York federal judge on Monday shot down for a second time an attempt by Deutsche Bank, in its $306 million suit alleging Morgan Stanley misrepresented mortgage-backed securities risks, to produce witnesses to explain a statement of facts the company made in a settlement with the U.S. Department of Justice.
November 09, 2016
Deutsche Bank National Trust Co. urged a federal judge Tuesday to compel Morgan Stanley Mortgage Capital Holdings LLC to provide deposition witnesses in the German bank's $306 million suit alleging the U.S. firm misrepresented mortgage-backed securities risks, saying the defendant's assertion it can't confirm key facts "strains credulity."