S.D.N.Y. Judge Denies Class Certification in Fair Housing Act Suit against Morgan Stanley
By: Andrew C. Glass, Roger L. Smerage, Eric W. Lee
The United States District Court for the Southern District of New York recently denied class certification in a Fair Housing Act disparate-impact case in which plaintiffs attempted to hold Morgan Stanley liable for investing in subprime mortgage loans that another entity originated. Adkins v. Morgan Stanley, No. 12-CV-7667, 2013 WL 3835198 (S.D.N.Y. May 14, 2013).