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Morgan Stanley & MUFG: The New Lawsuits In Tokyo Uncovered

A joint brokerage venture between Mitsubishi UFJ Financial Group Inc. and Morgan Stanley is facing another lawsuit in Tokyo.

The corporate logo of financial firm Morgan Stanley is pictured on the company’s world headquarters in New York, U.S. April 17, 2017. Photo: File Photo

This time, the suit represents 26 investors seeking to recover losses on Credit Suisse’s Additional Tier 1 notes. They are demanding a combined compensation of 1.73 billion yen ($12.2 million).

This follows a previous lawsuit filed by the same law firm on behalf of 66 other investors earlier this year.

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