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...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Ahmad v. Morgan Stanley & Co., Inc.


Case Number

1:13-cv-06394

Court

New York Southern

Nature of Suit

Civil Rights: Jobs

Judge

Paul A. Engelmayer

Date Filed

September 11, 2013

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.