Diversity Effort
An independent diversity monitor will oversee Morgan Stanley’s efforts in carrying out the terms of a five-year, $46 million settlement with female financial advisers and trainees. New York Times July 13, 2008 Wall St. Firm Will Settle Sex Bias Suit
Morgan Stanley agreed to pay at least $46 million to settle a class-action suit filed by eight current and former female brokers who contended that they were discriminated against in how they were trained, promoted and paid New York Times April 25, 2007
Morgan Stanley Offers Settlement In Gender Suit
Morgan Stanley, one the world's largest securities firms, said Tuesday that it had set up a $46 million claims pool to settle a sex-discrimination lawsuit and said it would enact new policies to help women succeed as financial advisers. Bloomberg News April 24, 2007
Morgan Stanley Settles Lawsuit for $46M Morgan Stanley said Tuesday it has settled a gender bias class-action suit that alleged the New York investment bank discriminated against female brokers and trainees in promotion and compensation. Associated Press April 24, 2007 |
