Morgan Stanley To Pay $225M To Settle State, Federal Securities Law Claims

(December 11, 2015, 11:00 AM EST) -- ALEXANDRIA, Va. — Morgan Stanley & Co. will pay $225 million to settle claims in two federal lawsuits alleging that it misrepresented the investment quality of certain residential mortgage-backed securities (RMBS) it and certain of its subsidiaries underwrote to several credit unions during the subprime mortgage crisis, according to a press release issued by the National Credit Union Administration Board (NCUA) on Dec. 10 (National Credit Union Administration Board v. Morgan Stanley & Co., No. 13-2418, D. Kan; National Credit Union Administration Board v. Morgan Stanley...
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