December 10, 2015
The National Credit Union Administration on Thursday said that Morgan Stanley & Co. Inc. has agreed to pay $225 million to settle New York and Kansas federal suits claiming the bank's toxic residential mortgage-backed securities helped ruin multiple credit unions.
May 28, 2015
A Kansas federal judge agreed Wednesday to take another look at previously dismissed claims against UBS Securities LLC and Credit Suisse Securities USA LLC in a suit alleging that the banks knowingly sold toxic mortgage-backed securities.
April 14, 2015
Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. Inc. and UBS Securities LLC told a Kansas federal judge Monday that the National Credit Union Administration couldn't use a Tenth Circuit decision to revive multimillion-dollar suits over soured residential mortgage-backed securities previously found to be time-barred.