Update on Volkswagen Diesel Fraud Case

We filed an action in Butte County on May 17, 2018 with the intent of having a jury decide punitive damages. We would be the first party to bring the defeat device case to jury trial.  Peer reviewed studies proved thousands of people with lung diseases died from the fraud.  

 

California targets Morgan Stanley For Fraud on Investors

Posted by Lacy Fletcher on Tuesday, April 26, 2016 Under: Kamala Harris

SAN FRANCISCO (Legal Newsline)California Attorney General Kamala D. Harris has filed a lawsuit against Morgan Stanley for allegedly misrepresenting complex investments like mortgage-backed securities that contributed to the global financial crisis and to major losses by investors that included California’s public pension funds, which provide retirement security to California peace officers, firefighters and teachers. 



Harris’ office alleges Morgan Stanley violated the False Claims Act, the California Securities Law and other state laws by concealing or understating risks associated with many of its investments.

“Morgan Stanley’s conduct in this case evidenced a culture of greed and deception that helped create a devastating economic crisis and crippled California’s budget,” Harris said. “This lawsuit is necessary in order to hold Morgan Stanley accountable for the destruction it caused to California, our people and our pension funds.”

The California Public Employees Retirement System and the California State Teachers Retirement System both lost hundreds of millions of dollars on these Morgan Stanley investments.

Kamala Harris is also investigating Humboldt County Child Welfare Services, and a couple of local judges. 

In : Kamala Harris 


Tags: kamala harris  public pension  false claims act  california  morgan stanley  securities  investments  humboldt  child welfare services 

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