Summary
Court finds that Morgan Stanley failed to disclose its subprime exposure and losses, but dismisses complaint for lack of adequate allegations of loss causation, with leave to file amended claims.
Stratte-McClure v. Morgan Stanley
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See Also
Securities Plaintiffs Need Expert to Prove FAS 157 Impairment Claims
Court finds that Morgan Stanley failed to disclose its subprime exposure and losses but dismisses complaint for lack of adequate allegations of loss causation, with leave to file amended claims.