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Morgan Stanley settles race bias suit for $16 million – MarketWatch
Tagged: RSSPosted on: October 23rd, 2007“Morgan Stanley has agreed to settle a bias suit filed by African-American and Latino brokers in northern California for $16 million.
As part of the proposed settlement, the New York retail brokerage firm agreed to institute programs to improve employee diversity.In a document filed late Monday at the U.S. District Court at the Northern District of California, Morgan Stanley has agreed to set up a $16 million settlement fund for about 1,000 claimants in the class action suit.”*
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Filed Under: 1. Hispanic News, Business, Business News
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