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Morgan Stanley Cleared of Fiduciary Breach over Mortgage-Backed Securities Holdings
PLANSPONSOR; free registration may be required Link to more items from this source
[Guidance Overview]
Oct. 7, 2010
Excerpt: [A District Judge] said the complaint by Saint Vincent Catholic Medical Centers and Queensbrook Insurance Limited sets forth no facts that evidence a claim that Morgan Stanley breached its duty of prudence to Saint Vincent. It contains no allegations of inadequacy of Morgan Stanley's investigation of the merits of its investments.

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