$16M Morgan Stanley Race Bias Settlement Approved

Law360, New York (October 24, 2008, 12:00 AM EDT) -- A federal judge in Northern California conferred final approval on a $16 million settlement in a race discrimination class action against Morgan Stanley & Co. Inc., a little more than three months after due process and representation concerns led the court to refuse to give the deal a green light.

U.S. District Judge Thelton E. Henderson signed off on an order giving final approval to the settlement on Wednesday. The order also granted the plaintiffs’ motion for reconsideration of the July 7 order that declined to...
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