The Traderszone Network

Published in TZ Latest News 4 May, 2015 by The TZ Newswire Staff

Morgan Stanley sees $292 million loss from Deutsche Bank lawsuit

Deutsche Bank in April last year filed a complaint that alleged Morgan Stanley had falsely represented the quality of the loans, the U.S. bank said in a regulatory filing. The loans were in a trust backed by a Morgan Stanley unit in which the Deutsche Bank subsidiary was a trustee, the filing said. Morgan Stanley said the Southern District of New York court last month denied in part the company’s motion to dismiss the case.