
The New York Attorney General announced a $550 million settlement with Morgan Stanley to resolve allegations of deceptive practices in the marketing, sale and issuance of residential mortgage-backed securities in the period leading up to the financial crisis. This was announced at the same time that the federal government announced a $2.6 billion settlement with Morgan Stanley on the same issue; For more info visit https://web.archive.org/web/20190921113116/https://ag.ny.gov/press-release/2016/ag-schneiderman-led-state-federal-working-group-announces-32-billion-settlement