Resource: Adkins et al. vs. Morgan Stanley

By: ACLU

March 30, 2017

American Civil Liberties Union

The ACLU, along with the National Consumer Law Center and the law firm of Lieff, Cabraser, Heimann & Bernstein, has filed a lawsuit in federal district court in Manhattan to hold Morgan Stanley accountable for its collaboration with the subprime lender New Century, which supplied Morgan Stanley with a steady stream of irresponsible, high-risk loans issued in communities of color that were particularly vulnerable to economic ruin. Although practices like these inflicted damages in low and middle-income communities across the nation, Detroit was particularly vulnerable.

https://www.aclu.org/cases/racial-equality/adkins-et-al-vs-morgan-stanley