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In re Morgan Stanley Data Security Litigation

  1. August 08, 2022

    Class Attys Get Reduced Fees In $60M Morgan Stanley Deal

    A New York federal judge granted final approval to a $60 million data breach settlement between Morgan Stanley and a class of former and current customers, but significantly reduced the award to class counsel, granting $13.6 million of the requested $20 million.

  2. July 25, 2022

    Class Backs Atty Fee Bid In $68M Morgan Stanley Privacy Deal

    A class of Morgan Stanley customers asked a New York federal judge to grant final approval to a $68.2 million data breach settlement while also responding to a class member who objected to the requested $20 million in attorney fees, arguing the fee is reasonable, and her objections are misplaced and ignore the "settlement structure."

  3. July 13, 2022

    Class Member Rips $20M Fee Bid In Morgan Stanley Deal

    A class member in a $68.2 million settlement with Morgan Stanley over data security incidents has filed an objection in New York federal court ripping plaintiffs attorneys for their $20 million fee request, saying the deal "gives credence to the worst stereotypes of class action abuse."

  4. April 13, 2022

    Morgan Stanley Data Loss Deal Merits $20M Fee, Attys Say

    Attorneys who netted a $68.2 million settlement for Morgan Stanley customers over data security incidents told a New York federal court they deserve $20 million in fees for their work on a case they said "was novel, complex and high risk."

  5. March 30, 2022

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

    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.

  6. November 05, 2021

    Morgan Stanley Unit To Settle Claims It Exposed Client Data

    A New York federal judge has dismissed a consolidated suit brought by current and former Morgan Stanley clients over data security incidents tied to the bank's disposal of computer hardware, after the parties indicated they reached an agreement to settle the proposed class action.

  7. August 11, 2021

    Morgan Stanley Wants Data Security Suit Tossed

    Morgan Stanley is pushing for dismissal of litigation brought over 2016 and 2019 data security incidents tied to the bank's disposal of computer hardware, telling a New York federal judge the current and former clients suing it haven't credibly alleged identity theft or other injuries that could give them standing.

  8. October 08, 2020

    Morgan Stanley Fined $60M Over Unsafe Data Practices

    Morgan Stanley agreed to pay a $60 million fine to the U.S. Treasury on Thursday over unsafe information security practices stemming from its failure to scrub computers of customer data prior to disposal, but the bank still faces customers' proposed class actions over the potential exposure of their sensitive data.

  9. August 03, 2020

    Morgan Stanley Hit With Suit Over Sensitive Data Exposures

    Morgan Stanley mistakenly disclosed customers' sensitive information to unknown third parties on two separate occasions in recent years, a pair of customers said in a lawsuit recently filed in a New York federal court, slamming the investment bank for putting thousands at an increased risk of identity theft.

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