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Adkins et al v. Morgan Stanley et al
Case Number:
1:12-cv-07667
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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October 11, 2016
Morgan Stanley Calls Black Borrowers' Claims 'Fatally Flawed'
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.
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May 14, 2015
Black Mortgagors Denied Class Status In Morgan Stanley Row
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.
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July 26, 2013
Morgan Stanley Must Face Borrowers' Mortgage Bias Suit
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.