Morgan Stanley, Massachusetts Settle Subprime Case – WSJ.com

Morgan Stanley agreed to pay $102 million to end a probe by Massachusetts into the Wall Street firm’s role in the subprime-housing boom and bust.

The New York company neither admitted nor denied wrongdoing, but Massachusetts Attorney General Martha Coakley accused Morgan Stanley of providing billions of dollars to subprime lender New Century Financial Corp., and then continuing to do business with the Irvine, Calif., subprime lender even though some of its loans violated guidelines at Morgan Stanley and lending laws in Massachusetts.

Morgan Stanley, Massachusetts Settle Subprime Case – WSJ.com

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About Law Office of Daniela P. Romero, APLC

We represent consumers and in Chapter 7 and 13 bankruptcy cases within the United States Bankruptcy Court for the Central District of California. Get a fresh start! Nosotros representamos a individuos y pequeñas empresas en el Capítulo 7 y 13 casos de bancarrota en el Tribunal de Quiebras de los Estados Unidos para el Distrito Central de California. Empiece de nuevo!
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