credit rating agencies

Morgan Stanley and others fail to evade fraud lawsuit

September 3, 2009 - 1:47am | Investment industry | News
Morgan Stanley and others fail to evade fraud lawsuit

Morgan Stanley and two credit rating agencies were ordered by a U.S. federal judge to defend fraud charges in a class-action lawsuit accusing them of masking the risks of an investment linked to subprime mortgages, and which eventually collapsed.


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