Morgan Stanley Settles Washington, Abu Dhabi Investor Lawsuits
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Morgan Stanley said it settled lawsuits brought by investors in two structured investment vehicles called Cheyne and Rhinebridge.
The investors, led by Abu Dhabi Commercial Bank and King County, Washington, also agreed to drop their claims against Moody’s Investors Service Inc. and Standard & Poor’s, the world’s largest provider of credit ratings owned by New York-based McGraw-Hill Cos., the investors said in a notice filed yesterday in federal court in Manhattan.