Investors sue Morgan Stanley over snowball note


Investors in a snowball note issue underwritten by Morgan Stanley have filed a lawsuit against the US bank on claims of overpricing and a failure to disclose fees and profits made on the structured product. The notes were issued by the New York branch of Bayerische Landesbank and investors started buying them from HSBC Brokerage in August 2004. The individual investors have enlisted California-based law firms Aidikoff, Uhl & Bakhtiari and Johnson & Johnson to represent them.

"We believe the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a 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 individual account here