Morgan Stanley May Face Wave of Suits After Admitting It Withheld E-Mail Evidence
Article by Jordana Mishory posted on Law.com, October 25, 2007: More trouble looms for nation’s second-largest securities firm, which has already agreed to pay $12.5M in regulatory case
Attorneys say they are gearing up to file hundreds of lawsuits against Morgan Stanley for allegedly hiding evidence from clients who filed arbitration claims.
The planned suits follow a settlement last month between Morgan Stanley and the Financial Industry Regulatory Authority in which Morgan Stanley conceded it did not provide e-mails to claimants in arbitration proceedings from October 2001 to March 2005….
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