June 1, 2020 / 11:53 PM / a month ago

Morgan Stanley sues Natixis for indemnification in mortgage securities litigation

Morgan Stanley sued Natixis Real Estate Capital Inc on Monday, seeking the reimbursement of at least $26.85 million in losses from nine lawsuits arising from the issuance of residential mortgage-backed securities prior to the 2008 financial crisis.

According to a summons filed in a New York state court in Manhattan, Natixis breached 10 indemnification agreements related to its role in providing residential mortgages that Morgan Stanley packaged into securities in 2006 and 2007.

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

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