Investors still stewing more than a year after a bank rescue wiped them out
In all,106 investors in Japan have now filed suit against Mitsubishi UFJ Morgan Stanley Securities over the broker's sale of Credit Suisse AT1 bonds. (Photo byYutaka Miyaguchi)
MITSURU OBE, Nikkei Asia chief business news correspondent | Japan
TOKYO -- Fourteen additional retail investors in Credit Suisse bonds that had their value wiped out sued Mitsubishi UFJ Morgan Stanley Securities on Friday, bringing the total number of plaintiffs in similar cases to over 100.
The suit, filed against the joint venture between Mitsubishi UFJ Financial Group (MUFG) and Morgan Stanley, is seeking 1.365 billion yen ($8.48 million) in compensation.
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