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Fri 08 Aug 2010Nuns sue Morgan Stanley over bonds
THE HOLY Faith Sisters in Glasnevin in Dublin are among 88 Irish investors suing London-based investment bank Morgan Stanley for up to €6 million related to bonds they purchased through Bloxham Stockbrokers.
Proceedings were launched this week in the High Court in London related to €6 million of bonds they purchased in 2005 and 2006 from Saturns Investments Europe Plc, a special purpose vehicle set up by Morgan Stanley. The euro-denominated notes were secured by US dollar Dresdner Funding Trust bonds.
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