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Morgan Stanley Says a Judge's Ruling Is 'Wreaking Havoc' on Its Deferred-Compensation Disputes
MSN News Link to more items from this source
June 7, 2024

"Morgan Stanley asked a federal judge to force the advisors to take their claims to arbitration. Last November, Judge Paul Gardephe granted the company's request. But in the same ruling, he found that Morgan Stanley's deferred compensation programs are governed by ERISA. And that is creating costly headaches for the financial-services giant." [Shafer v. Morgan Stanley, No. 20-11047 (S.D.N.Y. Nov. 21, 2023)]

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