Several HSH Nordbank AG affiliates filed two summonses with notice in New York state court on August 24, seeking damages, rescission and/or a declaratory judgment arising out of their purchase of roughly $524 million and $110 million in RMBS certificates from Morgan Stanley and Goldman Sachs, respectively. Other than the details relating to the particular defendants, the two summonses with notice are identical. In particular, in both cases HSH Nordbank alleges that offering materials provided by the Defendants contained material misrepresentations concerning the underwriting standards for the loans underlying the RMBS, the legal validity of the trusts and their entitlement to receive payments on the loans, the loans’ loan-to-value ratios, the percentage of owner-occupied properties, and the credit ratings assigned to the RMBS. Goldman Sachs Summons. Morgan Stanley Summons.