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Cayman funds seek to quash Morgan Stanley summonses for ‘Canadian tax investigation into Senvest Capital’

Two Cayman Islands hedge funds – Senvest Master Fund, L.P. and Senvest Technology Partners Master Fund, L.P. – have applied to a federal court in New York to quash IRS summonses that were issued to Morgan Stanley apparently in support of an investigation by Canada Revenue Agency into the tax liabilities of Toronto Stock Exchange-listed Senvest Capital Inc., senior officer and major shareholder Richard Mashaal, and an affiliate, Jefferson Northern, Inc.