BUSINESS
03/18/2010 05:12 am ET | Updated May 25, 2011

Morgan Stanley Pension Suit: Fund Claims Bank Sold It A $1.2B CDO In Bad Faith

NEW YORK (Reuters) -- Morgan Stanley (MS.N) has been sued by a Virgin Islands pension fund that accused the Wall Street bank of defrauding investors by marketing $1.2 billion of risky mortgage-related notes that it expected to fail.

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