January 27, 2012
Morgan Stanley was sued over about $1.2 billion worth of residential mortgage-backed securities by Bayerische Landesbank and Dexia (DEXB) SA in New York state court.
Bayerische Landesbank, based in Munich and the second- biggest German state-owned lender, asserts claims on almost $486 million in residential mortgage-backed securities purchased in 22 offerings in 2006 and 2007.
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