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

Posts: 225
Estimable Member
Topic starter

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.

Posted : December 30, 2009 2:08 pm
Posts: 523
Honorable Member

Quite an interesting story!

Posted : December 31, 2009 1:24 pm
Posts: 1085
Noble Member

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.


Posted : December 31, 2009 3:23 pm
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