$60M Morgan Stanley Breach Deal Not Enough, Objectors Say

By Allison Grande (March 30, 2022, 10:39 PM EDT) -- Several potential class members are urging a New York federal judge to reject a $60 million deal that Morgan Stanley recently reached to settle claims over a pair of data security incidents tied to the bank's disposal of computer hardware, arguing that the pact provides too little to impacted customers and too much to class counsel.

The parties revealed in November that they had inked a deal to end a consolidated proposed class action accusing Morgan Stanley Smith Barney LLC of failing to adequately protect current and former customers' personal and private information during the process of decommissioning retired information technology...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!