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Univ. of Toledo College of Law

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Thursday, June 24, 2010

Massachusetts and Morgan Stanley Settle Charges over Subprime Lending Practices

The Massachusetts Attorney General and Morgan Stanley reached settlement over the firm's subprime lending policies that requires the firm to pay the state $102 million, of which $58 million will go to the state's affected homeowners.  According to the Attorney General, the firm continued to fund and securitize subprime loans after the 2007 financial meltdown.  WSJ, Morgan Stanley, Mass. Settle Subprime Case for $102 Million

http://lawprofessors.typepad.com/securities/2010/06/massachusetts-and-morgan-stanley-settle-charges-over-subprime-lending-practices.html

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