AG Becerra announces $150 million settlement against Morgan Stanley for misleading California’s teachers and workers with pensions
2019-04-25
Attorney General Xavier Becerra announced a $150 million settlement with Morgan Stanley, an American multinational investment bank, for misleading investors including California’s teachers and public employees. The settlement resolves claims that the company concealed the high risk of mortgage-backed securities sold to the California Public Employees’ Retirement System (CalPERS) and …continue reading