Commerzbank fraud claims against Morgan Stanley dismissed

Allegations of fraud over a collapsed structured investment vehicle brought by Commerzbank against Morgan Stanley have been dismissed by the Second Circuit in the New York State Court of Appeals.

By John Kennedy (February 23, 2016, 4:33 PM EST) -- The Second Circuit on Tuesday affirmed dismissal of Commerzbank AG's fraud claims against Morgan Stanley over a collapsed structured investment vehicle after the New York State Court of Appeals answered the circuit court's question as to whether the German bank actually has standing....

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