Allstate Sues Morgan Stanley in New York State Court for Concealing and Misrepresenting Loan Quality in RMBS Pools

On July 5, 2011, Allstate Insurance Co. filed suit against Morgan Stanley in the Supreme Court of New York, alleging that Morgan Stanley committed common law fraud and negligent misrepresentation in connection with the sale of $104 million in RMBS purchased by Allstate. Complaint.