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September 24, 2007 - Calif. Complaint on Range Accrual Note Seeks Class Action Status |
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| September 24, 2007 - Calif. Complaint on Range Accrual Note Seeks Class Action Status |
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According to Structured Products Magazine's Amanda Lee, "Investors in a Snowball Note Issue underwritten by Morgan Stanley have filed a lawsuit against the US bank on claims of overpricing and a failure to disclose fees and profits made on the structured product. The notes were issued by Bayerische Landesbank and investors started buying them from HSBC Brokerage from August 2004. The individual investors have enlisted Aidikoff, Uhl & Bakhtiari, a California-based law firm to represent them."
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