Judge trims Nordbank, Morgan Stanley $524mn RMBS suit
HSH Nordbank's $524mn residential mortgage-backed securities lawsuit against Morgan Stanley&nbsp; has been trimmed by a New York judge, stating that it lacked standing to sue on claims assigned by a third party.
By Bonnie Eslinger (July 23, 2015, 4:27 PM EDT) -- A New York judge has pared some claims from German bank HSH Nordbank AG's suit against Morgan Stanley & Co. over $524 million worth of residential mortgage-backed securities that later tanked, finding it lacked standing to sue on claims assigned by a third party....

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