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The firm has settled with pension funds CalPERS and CalSTRS, and the California A.G.’s office.
The California Public Employees’ Retirement System (CalPERS) and the California State Teachers Retirement System (CalSTRS) are alleging that Morgan Stanley misled them about the mortgage-backed securities (MBSs) in which they invested in the 2003 to 2007 period. Morgan Stanley officials have denied the allegations “and all claims of wrongdoing, damages and liability whatsoever.” The legal...
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