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

Billings, Thomas P., J.

This consolidated action arises from defendants’ offers and sales of residential mortgage backed securities (“RMBS”). As assignee of the claims of nine of its clients, Cambridge Place Investment Management, Inc. (“CPIM” or “plaintiff’) 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 in their offers to sell residential mortgage-backed securities, in violation of the Massa*595chusetts Uniform…