March 21, 2017
Morgan Stanley & Co. has paid Bank of New York Mellon Corp. an undisclosed sum to settle claims that it wrongly refused to buy back an $81 million commercial loan after retailers fled an Ohio shopping center built on a landfill because of methane problems, documents filed in New York federal court show.
June 16, 2014
A New York federal judge on Monday tossed a suit asking Morgan Stanley to buy back an $81 million mortgage loan it allegedly sold to investors despite hidden environmental risks, saying the loan servicer waited too long to serve notice of a contractual breach.
June 20, 2013
A New York federal judge said Wednesday that Morgan Stanley did not have to buy back an $81 million mortgage loan it allegedly sold to investors despite hidden environmental risks, saying the lender was never served with a required notice.
June 28, 2011
Morgan Stanley on Monday failed in its bid to have tossed a breach of contract suit in New York alleging it hid environmental risks associated with an $81 million mortgage loan the financial giant later sold to investors.