Losses and lawsuits
Our monthly review of fraud management failure, human error and other operational hazards at financial firms around the world, distilled from the First database of operational risk loss events and case studies
Morgan Stanley
Morgan Stanley settled an ongoing sex discrimination class action case on July 12 for $54 million, rather than stand trial for alleged transgressions involving pay discrepancies and unfair promotions. The settlement represents the second largest reached with the US’s Equal Employment Opportunity Commission (EEOC) and covers 340 women. It came just minutes before a lawyer with the
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