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The American Civil Liberties Union Sues Morgan Stanley Or Bias In Mortgage Business-Reuters


Monday, 15 Oct 2012 02:43pm EDT 

Reuters reported that The American Civil Liberties Union sued Morgan Stanley, alleging racial discrimination over packaging subprime mortgage loans into securities. Morgan Stanley encouraged a unit of bankrupt New Century Financial Corp to disproportionately target black borrowers with overpriced loans that had a possibility of going sour, the suit alleges. 

Company Quote

34.31
0.25 +0.73%
29 Aug 2014