USVI Government Pension Fund Sues Morgan Stanely over failed $1.2billion CDO
Thought this was interesting, hopefully the pension fund does get their investment back otherwise I'm sure the taxpayers will eat the loss.
Link to reuters story http://www.reuters.com/article/idUSN2915356120091229?type=marketsNews
Here is case file info..
Employees' Retirement System of the Government of the Virgin Islands v. Morgan Stanley & Co et al, U.S. District Court, Southern District of New York, No. 09-10532.