Litigation

Recent Posts

Morgan Stanley To Settle Mortgage-Backed Securities Claims For $1.25B
Posted on 6 Feb 2014 by Timothy Raub

NEW YORK — (Mealey’s) Morgan Stanley will pay $1.25 billion to settle claims that it, certain of its subsidiaries and others misrepresented the investment quality in more than $10.58 billion in certificates in connection with 33 securitizations... Read More

Tags: FHFA , Freddie Mac , as Conservator for Fannie Mae and Freddie Mac , Securities and Exchange Commission , Morgan Stanley , financial services , securities litigation , mortgage-backed securities , SEC , Litigation , Fannie Mae , Federal Housing Finance Agency , Settlement , v. Morgan Stanley , Securities

Another Libor Scandal Antitrust Lawsuit Filed, This One on Behalf of Derivatives Investors
Posted on 8 Aug 2012 by Kevin M. LaCroix

At the risk of sounding repetitive, I must report here that there has been yet another Libor-scandal related lawsuit filed in the Southern District of New York. The latest lawsuit, filed on July 30, 2012, purports to be filed on behalf of a class of investors... Read More

Tags: Kevin LaCroix , Morgan Stanley , libor antitrust litigation , securities litigation , Northern Trust , Keycorp , Wells Fargo , Litigation , Green Pond Road Associates , D&O Diary , Met Life , Securities , LIBOR , Goldman Sachs

Duane Morris Alert: Circuit Courts Uphold Dismissal Of Securities Claims Based On Alleged Fraud In Sale Of Auction Rate Securities
Posted on 5 Aug 2011 by Duane Morris LLP

Two recent opinions from separate federal courts of appeal upheld the dismissal of lawsuits by sophisticated investors that suffered losses in the auction rate securities ("ARS") market against the securities broker-dealers that allegedly fraudulently... Read More

Tags: Duane Morris , Inc. v. Morgan Stanley &amp , Inc. v. Oppenheimer &amp , Oppenheimer , Ashland , Morgan Stanley , Litigation , auction rate securities , Securities

Court Dismisses ERISA Case Concerning Investments in Mortgage-Backed Securities
Posted on 18 Apr 2013 by Williams Mullen

By Mark S. Thomas and Robert W. Shaw The U. S. Court of Appeals for the Second Circuit has affirmed the dismissal of a case brought against Morgan Stanley Investment Management Inc. ("Morgan Stanley") concerning certain investments in mortgage... Read More

Tags: ERISA , Second Circuit , Pension Benefit Guaranty Corp. , Saint Vincent Catholic Medical Centers Retirement Plan , Queensbrook Insurance Ltd. , Morgan Stanley , Employee Retirement Income Security Act , securities litigation , Williams Mullen , mortgage-backed securities , Litigation , Saint Vincent Catholic Medical Centers , Morgan Stanley Investment Management , Pension Benefit Guaranty Corp. v. Morgan Stanley Investment Management Inc. , Securities

The Week in Securities Litigation: SEC Prevails In 4 Court Actions
Posted on 4 May 2012 by Thomas O. Gorman

The Commission prevailed in four court actions. In the district court the agency won a summary judgment motion against an investment adviser. In the Eleventh Circuit Court the SEC secured a pair of victories. In one it obtained the reversal of a grant... Read More

Tags: sec enforcement , Thomas Gorman , SEC Actions , UBS , FINRA , Morgan Stanley , Citi , securities litigation , SEC , Wells Fargo , Litigation , Securities