Commerzbank loses appeal to revive fraud claim against Morgan Stanley
Commerzbank has lost a bid to revive a fraud claim against Morgan Stanley in The New York State Court of Appeals, due to the fact that the german bank had failed to show that it had been given the right to sue from the original holders of the rate notes underlying the claim.
By Ben Conarck (June 30, 2015, 6:31 PM EDT) -- The New York State Court of Appeals on Tuesday denied Commerzbank AG's bid to revive a fraud claim against Morgan Stanley & Co., saying that the German banker failed to show that it had been given the right to sue from the original holders of the rated notes underlying the claim....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

Access to case data within articles (numbers, filings, courts, nature of suit, and more.)

Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.

Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS