Court won't revive Morgan Stanley, UBS $665m MBS suits
A court in New York has ruled that the suits against Morgan Stanley and UBS over concealing the low quality of $665m in residential mortgage-backed securities, will not be revived, finding an agreement transferring the securities did not assign the new investor the right to sue.

By Carmen Germaine (November 12, 2015, 5:11 PM EST) -- A New York state appellate court on Thursday refused to revive suits accusing Morgan Stanley and UBS of concealing the low quality of $665 million in residential mortgage-backed securities, finding an agreement transferring the securities didn't assign the new investor the right to sue....

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