Morgan Stanley Sued By Investors Over Global Fund

FRONT PAGE

NEW YORK--A group of 14 corporate and private investors have filed suit against Morgan Stanley in the New York Supreme Court. The bank is charged with fraud and negligent misrepresentation in connection with its $120 million Global Opportunity Fund, which collapsed in 1995. The investors claim Morgan Stanley fund managers overvalued certain warrants in the fund, despite assurances of independent monitoring. They also allege that the bank's London office was aware of the true value of the war

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: