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This is an archive article published on February 6, 2014

Morgan Stanley to pay $1.25 bn to resolve lawsuit

A Federal Housing Finance Agency spokeswoman declined to comment, except to confirm the settlement.

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Morgan Stanley said it would pay $1.25 billion to the US regulator for Fannie Mae and Freddie Mac to settle a lawsuit related to the sale of mortgage-backed securities. The Wall Street bank will add $150 million to its legal reserves as a result of the settlement with the Federal Housing Finance Agency, Morgan Stanley disclosed in a regulatory filing on Tuesday. A Federal Housing Finance Agency spokeswoman declined to comment, except to confirm the settlement.

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Vijay rally stampede
Among dead in Vijay rally stampede, young mother, couple set to marry
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A rally by actor-politician Vijay in Velusamypuram ended tragically with 40 deaths in a stampede. Non-political workers gathered to see the superstar, but exhaustion, heat, and poor planning caused chaos. People collapsed, ambulances couldn't reach, and police presence was inadequate. Vijay's team ignored instructions, and the narrow roads and insufficient crowd control added to the tragedy.

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