Dozens of brokerages and banks, including Morgan Stanley (MS), Goldman (GS) and Citigroup (C),...

|About: Citigroup Inc. (C)|By:, SA News Editor

Dozens of brokerages and banks, including Morgan Stanley (MS), Goldman (GS) and Citigroup (C), are being sued by a Boston area-based fund over $1.2B of subprime-related losses. The fund claims the banks made untrue statements and violated their own standards for underwriting.