Singapore Government Staff Credit Co-op sues Morgan Stanley for huge losses on Pinnacle Notes, 22 Mar 2013
Morgan Stanley is being sued by a group of Singaporean investors for and on behalf of all those who had lost money in the rigged synthetic collateralized debt obligation instruments pushed by the bank.
Amongst those filing suit would be the Singapore Government Staff Credit Cooperative Society and other individuals who filed a class action suit for the CDOs in the period covered August 1, 2006 until December 31, 2007. Full story