Morgan Stanley Race Discrimination

STATUS: Resolved

Outten & Golden LLP and our co-lead counsel, Lieff Cabraser Heimann & Bernstein, LLP, and Altshuler Berzon LLP, represent a former Financial Advisor at Morgan Stanley DW, Inc. in a national class action race discrimination lawsuit filed in federal court in San Francisco. The case charges that Morgan Stanley’s retail brokerage arm engaged in a pattern and practice of race discrimination against its African American and Latino Financial Advisors and trainees with respect to their compensation.  Plaintiff alleges that African American and Latino Financial Advisors and trainees are disfavored in the distribution of business opportunities accounts and other terms and conditions of employment. A proposed settlement has been filed with the Court that provides for a class fund and substantial injunctive relief.

(*Prior results do not guarantee a similar outcome.)


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