January 26, 2018 / 10:23 PM / 7 months ago

Morgan Stanley must face lawsuit over $306 mln RMBS losses -ruling

Morgan Stanley must face a lawsuit by Deutsche Bank National Trust accusing it of putting defective loans in a mortgage-backed securities trust and saddling investors with $306 million in losses, a Manhattan federal judge has ruled.

In a decision on Thursday, U.S. District Judge Katherine Forrest rejected Morgan Stanley’s motion for a judgment in its favor, saying too many facts are in dispute to render a judgment before trial.

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/2ng3qRE

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