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Morgan Stanley Must Face Fraud Claim Over $500M CDO

By Pete Brush ( January 4, 2016, 3:33 PM EST) -- A New York state appeals court has upheld a trial judge's refusal to dismiss fraud claims against Morgan Stanley brought by a Cayman Islands vehicle that bought $17 million in high-risk notes tied to residential mortgage-backed securities in a $500 million collateralized debt obligation that were wiped out....

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