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In 2009, MBIA, a company that insures financial products including financial risk, commenced an action against Credit Suisse Securities USA LLC (“Credit Suisse”), DLJ Mortgage Capital, Inc. (“DLJ”) and Select Portfolio Servicing, Inc. (“SPS”) claiming fraudulent inducement and breach of contract in connection with its insurance of a pool of mortgage-backed securities
In a recent decision, Judge Shira A. Scheindlin of the United States District Court for the Southern District of New York denied defendant Morgan Stanley’s motion to dismiss fraud claims brought by two institutional investors in connection with the collapse of a structured investment vehicle (SIV) called Rhinebridge
