It is commendable for Hong Leong Finance to sue Morgan Stanley over the Pinnacle Notes. I understand that Hong Leong Finance had been quite generous in compensating the investors who made losses on the Pinnacle Notes - not fully, but they help to share in the loss. They are now, rightly, recovering the loss from Morgan Stanley.
I commend Hong Leong Finance for taking this approach in looking after the interest of their customers. They set a good example of how a trustworthy institution should behave. I hope that other financial institutions will follow their excellent example.
http://www.todayonline.com/Singapore/EDC120807-0000047/Hong-Leong-sues-Morgan-Stanley-over-Pinnacle-notes
I commend Hong Leong Finance for taking this approach in looking after the interest of their customers. They set a good example of how a trustworthy institution should behave. I hope that other financial institutions will follow their excellent example.
http://www.todayonline.com/Singapore/EDC120807-0000047/Hong-Leong-sues-Morgan-Stanley-over-Pinnacle-notes
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