Morgan Stanley Sued By Investors Over Global Fund


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

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