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Fraud claims against CDO arranger fail absent misrepresentations to plaintiff

  • Chadbourne & Parke LLP
  • -
  • USA
  • -
  • December 1 2011

Judge Barbara S. Jones of the United States District Court for the Southern District of New York recently dismissed claims of fraud and unjust enrichment against Morgan Stanley, the arranger of a collateralized debt obligation (“CDO”) that allegedly had a hand in procuring a false and misleading Triple-A rating for the CDO