Fired Morgan Stanley Manager Sues For Age Bias

Law360, New York (November 18, 2008, 12:00 AM EST) -- Former Morgan Stanley & Co. Inc. manager Carl Mayfield, 59, has sued the Wall Street bank, claiming he was fired after 16 years with the company for being too old.

Mayfield, the oldest regional sales director at Morgan Stanley's Van Kampen Investments division, filed his age discrimination complaint Monday in the U.S. District Court for the District of Colorado, saying the firm terminated him under the pretext of a “staffing reorganization.”

According to the suit, Mayfield was a highly valued manager who dramatically improved the securities...
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