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Public Pension Sues Banks & Rating Agency Over Failed Derivatives

December 29, 2009 3 min. read

Tags: CDO, collateralized Debt Obligations, financial derivatives, Goldman Sachs, law suit, legal consequences of risk, Lehman Bros., Morgan Stanley, pension funds, rating agencies, risk-taking, sue

Yet another fund client sues investment firm Morgan Stanley over $1.2 billion losses due to high-risk CDO derivative products.

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