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Tag Archives for " Pinnacle "

Action Required for Pinnacle Notes Investors

This is a followup of my earlier post : Settlement for Pinnacle Notes Holders Background: The Pinnacle Notes is one of those structured products (together with Minibonds) that blew up during the 2008 financial crisis. If you are a Pinnacle Notes investor who purchased either series 1, 2, 3, 6, 7, 9 or 10 between the […]

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Settlement for Pinnacle Notes Holders

Good news for Pinnacle Notes investors. Kirby McInerney LLP has announced a settlement of US$20 million for their Pinnacle Notes litigation with Morgan Stanley. As the case was a class action suit, retail investors in Singapore who bought the defaulted Pinnacle Notes series 1,2,3,6,7, 9 and 10 may be eligible for some compensation. This applies […]

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Good News for all Pinnacle Notes Holders

In a ruling made by the US federal court last week, all Pinnacle Notes retail investors in Singapore are now automatically part of the class-action suit brought against Morgan Stanley. For the foregoing reasons, Plaintiffs’ motion for class certification is GRANTED. Defendants’ motion to exclude the declarations of Plaintiffs’ experts is DENIED as moot with […]

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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 […]

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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 […]

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