Purchasers of Morgan Stanley Mortgage Loan Trust 2006-6AR Mortgage Pass-Through Certificates May Lose Their Claims in Pending Class Action Unless an Investor Steps Forward
Robbins Geller Rudman & Dowd LLP Announces that Purchasers of the Morgan Stanley Mortgage Loan Trust 2006-6AR Mortgage Pass-Through Certificates May Lose Their Claims in the Pending Class Action Litigation Unless an Investor Steps Forward
September 22, 2011 – Robbins Geller Rudman & Dowd LLP (“Robbins Geller”), co-lead counsel in the litigation entitled In re Morgan Stanley Mortgage Pass-Through Certificates Litigation, Case No. 1:09-cv-02137-LTS, today announced that on Thursday, September 15, 2011, the court issued an order on defendants’ motion to dismiss, denying the motion in many respects. An amended complaint must be filed by September 30, 2011. However, claims for investors in one trust, the Morgan Stanley Mortgage Loan Trust 2006-6AR, may be eliminated from the case without recovery unless an investor that purchased securities issued by the trust serves as a class representative. The action alleges claims under Sections 11, 12 and 15 of the Securities Act of 1933 on behalf of investors in a number of Morgan Stanley mortgage-backed securities trusts, including the Morgan Stanley Mortgage Loan Trust 2006-6AR. The action alleges that the offering documents used to sell the pass-through certificates were false and misleading, in violation of the Securities Act.
An amended complaint must be filed by September 30, 2011. Investors in the Morgan Stanley Mortgage Loan Trust 2006-6AR have the opportunity to serve as a proposed class representative and ensure that such claims are included in this litigation. Please contact Arthur C. Leahy to discuss your legal rights if you bought certificates in this trust bearing any of the following CUSIP numbers:
61749CAA9 61749CAB7 61749CAC5 61749CAD3 61749CAE1 61749CAF8 61749CAG6 61749CAH4 61749CAJ0 61749CAK7 61749CAL5 | 61749CAM3 61749CAN1 61749CAP6 61749CAQ4 61749CAR2 61749CAS0 61749CAT8 61749CAU5 61749CAV3 61749CAW1 61749CAX9 | 61749CAY7 61749CAZ4 61749CBA8 61749CBB6 61749CBC4 61749CBD2 61749CBE0 61749CBF7 61749CBG5 61749CBH3 61749CBJ9 |
Robbins Geller, a 180-lawyer firm with offices in San Diego, San Francisco, New York, Boca Raton, Washington, D.C., Philadelphia and Atlanta, is active in major litigations pending in federal and state courts throughout the United States and has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of human rights violations. The Robbins Geller website (http://www.rgrdlaw.com) has more information about the firm.
Contact:
Robbins Geller Rudman & Dowd LLP
Arthur C. Leahy, 800-449-4900
djr@rgrdlaw.com
artl@rgrdlaw.com