Morgan Stanley Press Conference: June 2010
On June 24, 2010, Attorney General Martha Coakley announced a $102 million settlement with investment giant Morgan Stanley. The settlement follows an investigation by the Attorney General’s Office into Morgan’s role in the securitization and financing of Massachusetts subprime loans. The settlement will provide $58 million in relief To 1,000 Massachusetts homeowners and return $19.5 Million To Massachusetts taxpayers.

During the current economic crisis, AG Coakley’s Office has secured more than $440 million in relief for investors and borrowers, ensured mortgage relief for more than 15,000 homeowners in Massachusetts, and recovered more than $50 million in taxpayer funds for Commonwealth

The case was handled by the staff of Attorney General Coakley’s Insurance and Financial Services Division, including Division Chief Glenn Kaplan, and Assistant Attorneys General Aaron Lamb, Amita Singh and Peter Leight, as well as Legal Analyst Matt Gendron, Economist Bryan Lincoln, Mathematician Burt Feinberg, and Paralegals Cassidy Fitzpatrick and Brian Daly, and Investigator William Mackay.
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