October 11, 2016
Morgan Stanley did not have any control over a now-defunct subprime lender that allegedly provided risky loans to a group of black Detroit homeowners, and no evidence supports the borrowers' "fatally flawed" theories, the bank recently told a New York federal court.
May 14, 2015
A New York federal judge told a group of black Detroit homeowners Thursday that they could not pursue Morgan Stanley as a collective because the mortgages the financing giant allegedly pushed on the homeowners were too varied to tackle in one lawsuit.
July 26, 2013
A federal judge on Thursday largely allowed a purported class action alleging that Morgan Stanley pushed a defunct subprime lender to give risky loans to black Detroit borrowers and profited off the securitization of those loans to move forward.