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

    ALEXANDRIA, Va. — (Mealey’s) 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...
  • State Net Capitol Journal – February 2, 2015; Suit Blames Morgan Stanley For Detroit's Fiscal Crisis

    Budget & Taxes SUIT BLAMES MORGAN STANLEY FOR DETROIT'S FISCAL CRISIS: The Wall Street investment firm that has already agreed under settlements with U.S. government regulators to pay over $1.5 billion for its part in the subprime mortgage...
  • Force-Placed Insurance: Another Multi-Billion Dollar Industry Caught in the Regulatory Cross Hairs

    By Karen C. Yotis, Esq. Forced-placed insurance (FPI), which is sometimes referred to as 'lender-placed insurance,' is a specialty product that is intended to insure properties when standard property coverage is allowed to lapse. During the...
  • Wachovia, KPMG Reach $627 Million Settlement With Investors

    NEW YORK - (Mealey's) In what Wachovia Corp. shareholders' attorneys are calling the single-largest recovery for claims brought "solely pursuant to" the Securities Act of 1933, the shareholders, Wachovia, certain of its affiliates and...