Investor Sues Morgan Stanley Over Mortgage-Backed Securities Losses

NEW YORK - An investor sued Morgan Stanley (MS) and five of its subsidiaries in New York state court on Jan. 20, alleging that the defendants misrepresented the investment quality of residential mortgage-backed securities it sold in 11 offerings between 2006 and 2007 (Sealink Funding Limited v. Morgan Stanley, et al., No. 650196/2012, N.Y. Sup., New York Co.). View today's headlines and listen to the latest podcast at www.lexisnexis.com/legalnews Do you have news to share? Interested in writing a commentary article? Email the Mealey News Desk at Mealeys@LexisNexis.com Full story on lexis.com