Race and Color Class Action Settlement with
Morgan Stanley
 
Plaintiffs' Class Counsel are pleased to inform you that the Court granted preliminary approval to the settlement reached in our race discrimination case against Morgan Stanley, Curtis-Bauer v. Morgan Stanley & Co. Incorporated f/k/a Morgan Stanley DW Inc., Case No. C-06-3903 (TEH). The settlement provides for comprehensive injunctive relief and significant monetary relief of approximately $16,000,000 for the following Settlement Classes:
  • An injunctive-relief class consisting of: All African-American and Latinos employed as Financial Advisors or Registered Financial Advisor Trainees in the Global Wealth Management Group of Morgan Stanley & Co. Incorporated or its predecessor, Morgan Stanley DW Inc. at any time between October 12, 2002 and December 3, 2007; and
      
  • A monetary-relief class consisting of: All African-American and Latinos employed as Financial Advisors or Registered Financial Advisor Trainees in the Global Wealth Management Group of Morgan Stanley & Co. Incorporated or its predecessor, Morgan Stanley DW Inc. at any time between October 12, 2002 and December 3, 2007, who do not timely opt out.
We believe this is an excellent resolution of the case for Plaintiffs, taking into account the uncertainties, risks, and costs of litigating a case to trial.
Pursuant to the Court's February 7, 2008 Order, the Claims Administrator will be sending out a Class Notice and Claim Form to all potential class members by February 27, 2008. Please look for these materials in your mail, as you will only have until May 23, 2008 to submit your Claim Form.
If you do not receive a Notice and Claim Form by March 10, 2008, please contact us for assistance by sending an email to Heather H. Wong at hwong@lchb.com.
The Class Notice will set forth in greater detail your rights and options under the settlement.
Additional Materials
Attorney Contact Information
Plaintiffs’ Class Counsel:

Kelly M. Dermody
Lieff Cabraser Heimann & Bernstein, LLP
(415) 956-1000

Adam T. Klein
Outten & Golden, LLP
(212) 245-1000

James M. Finberg
Altshuler Berzon LLP
(415) 421-7151

Morgan Stanley:

James Wiggins
Morgan Stanley Corporate Communications
(914) 225-6161
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