Miller Investment Trust v. Morgan Stanley & Co. Incorporated

UNITED STATES DISTRICT COURT DISTRICT OF MASSACHUSETTS MILLER INVESTMENT TRUST and ) JURA LIMITED, ) ) Plaintiffs, ) ) CIVIL ACTION NO. ) 11-12126-DPW v. ) ) ) MORGAN STANLEY & CO., LLC and ) KPMG HONG KONG, ) ) Defendants. ) MEMORANDUM AND ORDER March 30, 2018 TABLE OF CONTENTS I. FACTUAL BACKGROUND.......................................... 4 A. Shengda’s Note Offering and the Plaintiffs’ Purchases .... 4 B. KPMG-HK’s Realization of Shengda’s Overvaluation and ...... Shengda’s Bankruptcy ......................................... 6 C. Alleged Misrepresentations by KPMG-HK ....................…