RMBS has asked that the lawsuit brought by RMBS over $147m in residential mortgage-backed securities ( Morgan Stanley ) losses be dismissed by the New York appeals court since it did not perform the necessary due diligence on its investments. In the legal profession, information is the key to success. The German bank accuses Morgan Stanley of offering documents that omitted or mis-characterised various underwriting standards surrounding loans underlying RMBS .
RMBS has asked that the lawsuit brought by RMBS over $147m in residential mortgage-backed securities ( Morgan Stanley ) losses be dismissed by the New York appeals court since it did not perform the necessary due diligence on its investments. The German bank accuses Morgan Stanley of offering documents that omitted or mis-characterised various underwriting standards surrounding loans underlying RMBS .