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  • Morgan Stanley settles for $3.2 billion over 'deceptive' mortgage bond practices

    Morgan Stanley will hand out hundreds of millions of dollars in consumer relief and fork over hundreds of millions more to state governments as part of $3.2 billion settlement over its “deceptive” mortgage bond practices in the run-up to the financial crisis, the New York Attorney General’s Office said Thursday. Click the headline to read more.

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Moody's, S&P, Fitch face fraud claims in investor lawsuit

(), Standard & Poor’s and Fitch Inc. must face fraud claims in an investor lawsuit over their ratings of a structured investment vehicle called Rhinebridge that collapsed in 2007, a judge ruled.

Morgan Stanley (MS), which helped set up the investment, also lost a bid to dismiss claims of aiding and abetting fraud in a ruling yesterday by U.S. District Judge Shira Scheindlin in Manhattan. Scheindlin narrowed the suit, dismissing other claims.

Source: Bloomberg
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