Ticker	Volume	Price	Price Delta
DJIA	15,318.20	+138.38	0.91%
S&P 500	1,651.81	+12.77	0.78%
Nasdaq	3,482.18	+30.05	0.87%

Ticker

Volume

Price

Price Delta

DJIA

15,318.20

+138.38

0.91%

S&P 500

1,651.81

+12.77

0.78%

Nasdaq

3,482.18

+30.05

0.87%

Ticker	Volume	Price	Price Delta
STOXX 50	2,685.24	-15.69	-0.58%
FTSE 100	6,335.14	-39.07	-0.61%
DAX	8,182.24	-47.27	-0.57%

Ticker

Volume

Price

Price Delta

STOXX 50

2,685.24

-15.69

-0.58%

FTSE 100

6,335.14

-39.07

-0.61%

DAX

8,182.24

-47.27

-0.57%

Ticker	Volume	Price	Price Delta
Nikkei	13,245.20	+237.94	1.83%
Hang Seng	20,983.40	-242.46	-1.14%
S&P/ASX 200	4,861.38	+47.03	0.98%

Ticker

Volume

Price

Price Delta

Nikkei

13,245.20

+237.94

1.83%

Hang Seng

20,983.40

-242.46

-1.14%

S&P/ASX 200

4,861.38

+47.03

0.98%

Morgan Stanley Mortgage Sued for $110 Million Over Loans

By Chris Dolmetsch & David McLaughlin - 2012-10-01T14:32:17Z

Morgan Stanley (MS) Mortgage Capital Holdings LLC was sued for at least $110.8 million by a trustee for investors in mortgage-backed securities.

The Morgan Stanley unit made “numerous and repeated failures” to comply with promises about the loans underlying the securities, trustee U.S. Bancorp said in a Sept. 28 filing in New York State Supreme Court.

The original principal balance of loans sold as securities was $609 million, and the amount of defective loans is more than $129 million, according to the filing. U.S. Bancorp said it is seeking at least $110.8 million in damages.

Lauren Onis, a spokeswoman for New York-based Morgan Stanley, didn’t immediately respond to an e-mail seeking comment on the suit.

The case is Morgan Stanley Mortgage Loan Trust 2006-13ARX v. Morgan Stanley Mortgage Capital Holdings LLC, 653429-2012, New York State Supreme Court, New York County (Manhattan).

To contact the reporter on this story: Chris Dolmetsch in New York at cdolmetsch@bloomberg.net.

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net.

More News:

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.