USVI Government Pen...
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USVI Government Pension Fund Sues Morgan Stanely over failed $1.2billion CDO  


Advanced Member
Joined: 13 years ago
Posts: 225
December 30, 2009 2:08 pm  

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

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.

Trusted Member
Joined: 12 years ago
Posts: 523
December 31, 2009 1:24 pm  

Quite an interesting story!

Trusted Member
Joined: 13 years ago
Posts: 1086
December 31, 2009 3:23 pm  

So what is different here? Everyone is going after money lost. By the way where were they when they were getting a great return?

I hope they win, but I doubt it.


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