February 10, 2025
A North Carolina federal judge has declined to throw out a $1.6 million arbitration award granted to a former Morgan Stanley employee who claimed he was wrongfully terminated, after the bank alleged the chosen arbitrator was biased against it because of a prior lawsuit and had fallen asleep while evidence was being presented.
February 21, 2024
A Morgan Stanley unit must challenge an arbitrator's conclusion that it discriminated against a white male former banker in North Carolina, where he last worked, a Georgia federal judge ruled, saying the arbitrator's presence in Atlanta during the virtual proceeding isn't enough to tether the case to the Peach State.
April 13, 2023
An Atlanta arbitrator fell asleep multiple times during a virtual hearing in a former banker's employment dispute and failed to disclose a potential bias, Morgan Stanley told a Georgia federal court Thursday, seeking to vacate almost $1 million in attorney fees and costs and more than $600,000 in damages awarded against it.