WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced Dec. 20 that Morgan Stanley & Co. LLC has agreed to pay $7.5 million after allegations it used trades involving customer cash to lower the firm’s borrowing costs in violation of the SEC’s Customer Protection Rule.
Morgan Stanley News
NEW YORK (Legal Newsline) – Morgan Stanley Smith Barney LLC will pay $1 million to settle allegations it failed to protect customer information, the Securities and Exchange Commission (SEC) announced.
SAN FRANCISCO (Legal Newsline) – A California man is suing the consumer electronics firm Fitbit, alleging it defrauded investors in its initial public offering.
SAN FRANCISCO (Legal Newsline) — California Attorney General Kamala D. Harris has filed a lawsuit against Morgan Stanley for allegedly misrepresenting complex investments like mortgage-backed securities that contributed to the global financial crisis and to major losses by investors that included California’s public pension funds, which provide retirement security to California peace officers, firefighters and teachers.
SAN FRANCISCO (Legal Newsline) – Morgan Stanley has agreed to pay $2.6 billion to resolve allegations related to its marketing, sale and issuance of residential mortgage backed securities, the Justice Department announced.
RICHMOND (Legal Newsline) — Virginia Attorney General Mark R. Herring announced the recovery of more than $63 million from 11 banks, settling allegations the banks misled the commonwealth of Virginia and the Virginia Retirement System (VRS).
Tenn. federal judge dismisses whistleblower's complaint; Attorney says U.S. SC will likely take up issue in the future
A Tennessee federal judge has dismissed a whistleblower's retaliation lawsuit because he alerted the wrong federal agency to what he felt was wrongdoing by his employer, Morgan Stanley.
Pension groups sue several of the world's largest banks and securities groups over conspiracy allegations
WHITE PLAINS (Legal Newsline) - Three Cleveland pension groups are suing several large banks and securities companies over conspiracy allegations.
The city alleges that nearly 25 banks have colluded in auctions of Treasury securities, injuring it and “at least thousands” of others similarly situated.
A firefighter retirement and pension group is suing several large banks and securities companies over alleged violations of antitrust laws.
WHITE PLAINS, N.Y. (Legal Newsline) - An employees retirement group is suing several large banks and securities companies over alleged violations of antitrust laws.
Representatives of a Michigan public pension fund are suing several financial services companies, alleging collusive manipulation of the market for treasury bills, notes, bonds and other derivative financial products.
FOLEY SQUARE, N.Y. (Legal Newsline) - Public Employees' Retirement System of Mississippi has filed a class action lawsuit against Millennial Media Inc. for allegedly violating the Securities Exchange Act of 1934.
Virginia Attorney General Mark R. Herring filed a lawsuit against 13 banks seeking $1.15 billion in damages on accusations the banks fraudulently misled the Virginia Retirement System (VRS) during a sale of residential mortgage-backed securities to the state retirement fund.
WASHINGTON (Legal Newsline) - The Supreme Court of the United States has agreed to consider whether class action claims against IndyMac Bancorp Inc. should be able to proceed.
BOSTON (Legal Newsline) - Massachusetts Attorney General Martha Coakley announced a $36.1 million assurance of discontinuance on Monday with Barclays Bank PLC to resolve allegations of unfair securitization practices.
NEWARK, N.J. (Legal Newsline) - New Jersey Acting Attorney General John Hoffman announced a $100,000 settlement Tuesday with Morgan Stanley & Co. LLC to resolve allegations of state security law violations.