Abu Dhabi Commercial Bank v. Morgan Stanley & Co.

OPINION AND ORDER

SHIRAA. SCHEINDLIN, District Judge.

I.INTRODUCTION

Plaintiffs are institutional investors asserting claims of fraud, aiding and abetting fraud, and negligent misrepresentation against Morgan Stanley & Co. Incorporated and Morgan Stanley & Co. International Limited (together, “Morgan Stanley”)— the arranger/placement agent of the Structured Investment Vehicle (“SIV’) in which plaintiffs invested — and the agencies that rated the notes issued by the SIV. In my August 17, 2012 summary judgment Opinion and Order, I dismissed plaintiffs’ fraud claims against Morgan Stanley because:…