USVI Government Pen...
 
Notifications
Clear all

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

 

AllMashUp
(@AllMashUp)
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 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.


Quote
Tippi
(@Tippi)
Trusted Member
Joined: 12 years ago
Posts: 523
December 31, 2009 1:24 pm  

Quite an interesting story!


ReplyQuote
billd
(@billd)
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.

billd


ReplyQuote
Settlers Handbook

Thinking about moving to the Virgin Islands?

The Settler's Handbook is a Indispensable Guide

The current 19th Edition, will help you explore your dream of island living. A solid reference book, it was first published in 1975. That's 40+ years of helping people move to the Virgin Islands.

Order Today $17.95
Close Menu