Securities Plaintiffs Need Expert to Prove FAS 157 Impairment Claims

Business Valuation UpdateVol. 17 No. 7
Legal and Court Case Update
July 2011

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securities litigation
Stratte-McClure v. Morgan Stanley
2011 WL 1362100 (S.D.N.Y.)
April 4, 2011
US
State Court
New York
United States District Court
Batts

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.

See Also

Stratte-McClure v. Morgan Stanley

Full Text of Court Cases
April 4, 2011

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.