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Another MBS Settlement: $275 Million Morgan Stanley Fair Fund
November 15, 2020

Morgan Stanley Fair Fund

  • Class Period: 6/13/2007 -- 10/24/2007
  • Settlement Fund: $275,000,000
  • Claim Filing Deadline: 12/12/2020
  • Eligible instruments: 16 mortgage-backed securities


If you traded qualifying mortgage-backed securities issued Morgan Stanley and its affiliates, then you may be eligible to participate in the Morgan Stanley Fair Fund.

 

It may be hard to believe, but there are still settlements arriving from the 2007-2008 financial crisis. The latest is the Morgan Stanley Fair Fund, which settled with the Securities and Exchange Commission for $275 million. The deadline is soon: December 12.

 

Given that these bonds were issued in 2007, some eligible investors may have difficulty retrieving the trade data. Chicago Clearing Corporation specializes in retrieving old trade data. We can remove the headache of finding the old data, the nuisance of parsing through it for each of the 16 eligible CUSIPs, and the tedium of preparing the claim.

 

Please let us know soon if you think you have an eligible claim and would like CCC to ensure you don’t miss out on this settlement.

Written By: Dennis O'Toole

I could go on and on, but bottom line, the fees being charged are much less than what I was spending in house to file and this is just one less thing I have to spend time trying to figure out how to complete on a consistent basis. Dealing with the CCC staff has been a very positive thing.

- National Bank

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