Morgan Stanley arbitration clause News

A black former Morgan Stanley broker who filed a lawsuit accusing the bank of racial bias must pursue his claims in private arbitration, a federal judge ruled on Wednesday. U.S. District Judge John Koeltl in Manhattan ruled that the former …

Morgan Stanley is asking employees to give up their right to sue the firm in class actions for civil rights violations including discrimination based on race, gender or age, according to a former employee’s lawsuit. The firm sent an e-mail …