Morgan Stanley Settles CDS, CDO Suit

10 May 2011

Morgan Stanley has reached a settlement with U.S. Bank over its role in Tourmaline CDOI and involving a credit default swap agreement with the CDO.

Morgan Stanley has reached a settlement with U.S. Bank over its role in Tourmaline CDOI and involving a credit default swap agreement with the CDO. The investment bank stated in its quarterly filing with the U.S. Securities and Exchange Commission that the settlement will cost it “substantially less” ...

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