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ACLU sues Morgan Stanley over risky mortgages

ACLU sues Morgan Stanley over risky mortgages

NY’s Attorney General Sue Chase

The New York attorney general’s office has hit JPMorgan Chase & Co. with a civil lawsuit, alleging that investment bank Bear Stearns — prior to its collapse and subsequent sale to JPMorgan in 2008 — perpetrated massive fraud in deals involving billions in residential mortgage-backed securities. Read more.

ACLU sues Morgan Stanley over risky mortgages

ACLU sues Morgan Stanley over risky mortgages

NY’s Attorney General Sue Chase

The New York attorney general’s office has hit JPMorgan Chase & Co. with a civil lawsuit, alleging that investment bank Bear Stearns — prior to its collapse and subsequent sale to JPMorgan in 2008 — perpetrated massive fraud in deals involving billions in residential mortgage-backed securities. Read more.