Morgan Stanley Punished Auditor For Concerns, Suit Says

Law360, New York (September 16, 2013, 10:23 PM EDT) -- An employee slapped Morgan Stanley & Co. Inc. with a Dodd-Frank whistleblower suit in New York federal court Wednesday, claiming his audit reports were “whitewashed” and that he was harassed for raising concerns following the company's decision to increase the number of risky corporate loans it made.

When plaintiff Saeed Ahmad joined Morgan Stanley as a credit audit specialist in 2006, the bank was planning to aggressively increase its corporate loan portfolio, particularly with respect to companies with noninvestment-grade credit ratings, and had created his job...
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