MS To Pay $102 Mln To Settle Subprime Suit

24 Jun 2010

Morgan Stanley has agreed to pay $102 million to settle charges related to its alleged role in the securitization and financing of Massachusetts subprime loans.

Morgan Stanley has agreed to pay $102 million to settle charges related to its alleged role in the securitization and financing of Massachusetts subprime loans. In addition to the financial settlement, which will go largely to more than 1,000 homeowners and a state pension fund, Morgan Stanley has ...

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