More MBS lawsuits: Morgan Stanley (MS) is taken to court by Germany's DZ Bank over about $694M...

|About: Morgan Stanley (MS)|By:, SA News Editor

More MBS lawsuits: Morgan Stanley (MS) is taken to court by Germany's DZ Bank over about $694M in questionable securities. Bank of America (BAC) is sued by CIFG Assurance, which claims it was duped into providing about $150M of insurance to make more marketable toxic MBS the bank otherwise couldn't find a buyer for.