Morgan Stanley Race Bias Suit Shifts Courts

Law360, New York (August 6, 2008, 12:00 AM EDT) -- The case of the sole black plaintiff in a $16 million class action claiming Morgan Stanley & Co. Inc. steered accounts away from black and Hispanic financial advisers has been transferred from California to Michigan after the plaintiff opted out of a proposed settlement in the litigation.

Denise Williams, who objected to the deal on the grounds that she was never involved in advising class counsel about the race discrimination claims even though she was the only black plaintiff named in the case, filed an amended...
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