Cambridge Place Investment Management, Inc. v. Morgan Stanley & Co.

Lauriat, Peter M., J.

This action arises from the purchase, by nine foreign hedge funds, of residential mortgage-backed securities. As assignee of the claims of the nine foreign hedge funds, the plaintiff, Cambridge Place Investment Management, Inc. (“CPIM”) seeks damages and/or rescission of the securities transactions from the defendants, who are underwriters, dealers, and depositors of the securities at issue. CPIM alleges that the defendants made false and/or misleading statements regarding the securities, in violation of the Massachusetts Uniform Securities Act (“MUSA”), G.L.c. 110A, §410.