Morgan Stanley

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Morgan Stanley News

Morgan Stanley pays $7.5 million SEC fine to resolve alleged customer violations

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 settles after allegations it failed to protect customer information

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.

Investor’s class action seeks restitution for alleged IPO fraud

SAN FRANCISCO (Legal Newsline) – A California man is suing the consumer electronics firm Fitbit, alleging it defrauded investors in its initial public offering.

California targets Morgan Stanley for alleged role in global financial crisis

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.

Morgan Stanley to pay $2.6 billion over allegations related to mortgage backed securities

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.

Virginia attorney general announces $63 million recovery from 11 banks in fraud case

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.

Providence files another antitrust lawsuit -- this time over U.S. Treasury securities

The city alleges that nearly 25 banks have colluded in auctions of Treasury securities, injuring it and “at least thousands” of others similarly situated.

Firefighter retirement plan files suit against banks over alleged manipulation, conspiracy

A firefighter retirement and pension group is suing several large banks and securities companies over alleged violations of antitrust laws.

Several banks, securities groups face antitrust lawsuit

WHITE PLAINS, N.Y. (Legal Newsline) - An employees retirement group is suing several large banks and securities companies over alleged violations of antitrust laws.

Financial institutions accused of collusion, manipulation

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.

Miss. pension sues Millennial Media, others, alleges Securities Act violations

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.

Va. AG sues 13 banks, seeks more than $1 billion

Herring

Va. AG sues 13 banks on charges of mortgage fraud

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.

Financial institutions settle bid-rigging allegations with West Virginia

Morrisey

SCOTUS to consider class action claims against IndyMac

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.

N.Y. AG reaches interim agreements with Wall Street firms

Schneiderman

Mass. AG announces $36.1 million settlement with Barclays

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.

N.J. AG announces $100,000 settlement with Morgan Stanley

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.