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Hong Leong Finance Sues Morgan Stanley Over Pinnacle
It seems that Hong Leong Finance has initiated a lawsuit in USA against Morgan Stanley for the Pinnacle notes which they had previously distributed. According to Hong Leong, the Pinnacle Notes were rigged to fail for Morgan Stanley’s own benefit. As a result of the failure of the Pinnacle notes, Hong Leong had to compensate […]
Morgan Stanley Loses Pinnacle Appeal
Morgan Stanley have failed again in their bid to get their Pinnacle lawsuit case heard in Singapore. Previously, a group of investors had sued Morgan Stanley for their role in arranging the Pinnacle notes, a product which failed during the 2008 financial crisis. Morgan Stanley wanted the case to be heard in Singapore and had […]
Pinnacle Notes Class Action Suit to Proceed in New York
The latest news is that law firm Kirby McInerney LLP, acting on behalf of a group of Singapore investors of Pinnacle Performance Ltd series 1,2,3,5,6,7,9 and 10 notes, have succeeded in getting their case heard in New York. The defendant will be Morgan Stanley, the creators of the product. Morgan Stanley had wanted the case […]