Case: Morgan Stanley

ABC News, August 19, 2016 – Morgan Stanley Accused of Mismanaging Its 401(k) Plan

August 19th, 2016

As it appeared on ABC News By STAN CHOE, AP BUSINESS WRITER Even Wall Street workers are unhappy with how their retirement plans are run. A participant in Morgan Stanley’s 401(k) plan filed a lawsuit Friday in U.S. District Court in New York alleging that it offers investment options that have too-high fees and poor […]

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New York Times, August 19, 2016 – Morgan Stanley Accused of Mismanaging Its 401(k) Plan

August 19th, 2016

As it appeared on The New York Times By The Associated Press NEW YORK — Even Wall Street workers are unhappy with how their retirement plans are run. A participant in Morgan Stanley’s 401(k) plan filed a lawsuit Friday in U.S. District Court in New York alleging that it offers investment options that have too-high […]

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Yahoo Finance, August 19, 2016 – Morgan Stanley accused of mismanaging its 401(k) plan

August 19th, 2016

As it appeared on Yahoo Finance NEW YORK (AP) — Even Wall Street workers are unhappy with how their retirement plans are run. A participant in Morgan Stanley’s 401(k) plan filed a lawsuit Friday in U.S. District Court in New York alleging that it offers investment options that have too-high fees and poor track records, […]

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Pensions & Investments, August 19, 2016 – Morgan Stanley, board accused in lawsuit of 401(k) self-dealing

August 19th, 2016

As it appeared on Pensions & Investments By BLOOMBERG Morgan Stanley (MS) and its board were accused of mismanaging the firm’s 401(k) retirement plan and costing 60,000 employees hundreds of millions of dollars by picking inappropriate and high-priced investments, some of which were managed for the firm’s own profit. The lawsuit, filed Friday in Manhattan […]

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Employees sue Morgan Stanley over 401(k) plans

August 19th, 2016

As it appeared on CNN Money by Katie Lobosco Another day, another 401(k) lawsuit. Morgan Stanley was hit with a class action Friday, filed on behalf of 60,000 workers. The suit claims that the company mismanaged its own employees’ retirement plans by offering poorly performing funds and charging excessive fees. The suit also alleges that […]

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Employee Benefit News, August 19, 2016 – Morgan Stanley, board, accused of 401(k) plan self-dealing in suit

August 19th, 2016

As it appeared on Employee Benefit News (Bloomberg) – Morgan Stanley and its board were accused of mismanaging the firm’s 401(k) retirement plan and costing its employees hundreds of millions of dollars by picking inappropriate and costly investments, some of which were managed for the firm’s own profit. The firm breached its fiduciary duties to […]

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WealthManagement.com, August 19, 2016 – Morgan Stanley, Board, Accused of 401K Plan Self-Dealing in Suit

August 19th, 2016

As it appeared on wealthmanagement.com Andrew Harris | Bloomberg (Bloomberg) — Morgan Stanley and its board were accused of mismanaging the firm’s 401(k) retirement plan and costing its employees hundreds of millions of dollars by picking inappropriate and costly investments, some of which were managed for the firm’s own profit. The firm breached its fiduciary duties […]

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Bloomberg, August 19, 2016 – Morgan Stanley, Board, Accused of 401K Plan Self-Dealing in Suit

August 19th, 2016

As it appeared on Bloomberg By Andrew M Harris August 19, 2016 — 9:24 AM EDT A former employee says Morgan Stanley knows exactly who should buy its worst performing funds: the bank’s own workers. That’s the claim behind a lawsuit filed Friday accusing Morgan Stanley and its board of mismanaging the firm’s 401(k) retirement plan […]

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PR Newswire, August 19, 2016 – Sanford Heisler Files $150 Million ERISA Class Case Against Morgan Stanley On Behalf Of More Than 60,000 Retirement Plan Beneficiaries

August 19th, 2016

As it appeared on PR Newswire SUIT ALLEGES THAT MORGAN STANLEY PLACES EMPLOYEES IN POORLY PERFORMING FUNDS AND ENRICHES ITSELF BY CHARGING EXCESSIVE FEES NEW YORK, Aug. 19, 2016 /PRNewswire/ — Sanford Heisler, LLP filed a class complaint today in the U.S. District Court of the Southern District of New York detailing the many ways […]

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