The lawsuit is the latest challenging banks' creation and marketing of CDOs, following the U.S. Securities and Exchange Commission's lawsuit in April accusing Goldman Sachs Group Inc of structuring a CDO known as Abacus to benefit hedge fund investor John Paulson at the expense of other investors. Full story
Singapore investors sue Morgan Stanley for alleged CDO fraud
Reuters, 25 Oct 2010
(Reuters) - Morgan Stanley was sued by a group of Singapore investors that accused it of rigging a bond sale related to collateralized debt obligations in order to wipe out their $154.7 million investment.
The lawsuit is the latest challenging banks' creation and marketing of CDOs, following the U.S. Securities and Exchange Commission's lawsuit in April accusing Goldman Sachs Group Inc of structuring a CDO known as Abacus to benefit hedge fund investor John Paulson at the expense of other investors. Full story
The lawsuit is the latest challenging banks' creation and marketing of CDOs, following the U.S. Securities and Exchange Commission's lawsuit in April accusing Goldman Sachs Group Inc of structuring a CDO known as Abacus to benefit hedge fund investor John Paulson at the expense of other investors. Full story
