Dec. 13 (Bloomberg) -- Morgan Stanley can’t ask a court in Singapore to block investors there from suing over their losses on $154.7 million in synthetic collateralized debt obligations outside the country, a judge in New York ruled.
The New York-based bank’s attempt is vexatious, U.S. District Judge Leonard Sand said yesterday, granting a request by investors including the Singapore Government Staff Credit Cooperative Society Ltd. to stop Morgan Stanley from seeking a Singapore High Court order. Full story
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