Morgan Stanley to pay $150 mln to settle California crisis-era mortgage charges
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(Reuters) - Morgan Stanley will pay $150 million to settle charges it misled two large California public pension funds about the risks of mortgage-backed securities they bought in the years leading up to the 2008 global financial crisis.The settlement announced on Thursday by California Attorney General Xavier Becerra resolves an April 2016 lawsuit filed by his predecessor Kamala Harris, who is now a U.S. senator.Becerra said the California Public Employees' Retirement System (CalPERS) will..