Wells, Morgan Stanley face investor claims on mortgage bonds
by admin on Sep.19, 2012, under News
(Reuters) – A law firm that reached a major settlement with Bank of America over allegedly defective mortgage bonds said on Wednesday that Wells Fargo and Morgan Stanley failed to perform their duties servicing $73 billion in securities. The move likely means bond investors represented by the Gibbs & Bruns law firm could be seeking to negotiate settlements with the two U.S. banks over securities …
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