Morgan Stanley, UBS urge court not to revive $665m of MBS suits
Morgan Stanley and UBS are fighting in court to stop two lawsuits being revived by Sealink Funding Ltd, which is accusing the two of lying to investors about $665m worth of mortgage-backed securities, arguing that they were no longer liable for investments and have gone through a series of handoffs.

By Cara Salvatore (October 21, 2015, 10:30 PM EDT) -- Morgan Stanley and UBS urged a New York court Wednesday not to revive lawsuits accusing them of lying to investors about $665 million worth of mortgage-backed securities, saying they were no longer liable for investments that have gone through a series of handoffs....

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