|
Search
Search through the thousands of lawsuits, complaints and recalls on our site.
 |
Case ID: 4989 | Employment | 04/27/2007
Morgan Stanley settled a gender bias class-action lawsuit for $46 million. The suit was brought against the Wall Street firm by eight former and current employees who charged that Morgan Stanley deprived them of the trainings, pay raises, and opportunities for promotion that were available to male employees.
The settlement, which must be approved by the US District Court in Washington, will also overhaul the firm's methods of distributing cases, which the plaintiffs argue favored men. The company will be required to automate the assignment of accounts and document how accounts are distributed. Morgan Stanley will also spend $7.5 million to hire two industrial psychologists and to analyze the effectiveness of the new measures. Morgan Stanley has settled two other sex discrimination cases, one in 2004 -- when women comprised only 37 percent of all Wall Street employees -- and another in 2005. Female employees have long complained that a male-dominated culture prevails on Wall Street, where male branch managers give the new or most successful accounts to their male friends, hindering women’s attempts to advance their careers. The 2004 suit also claimed that men-only events were planned at strip clubs and golf courses, excluding women from meeting with clients. At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Employment Cases of Interest The parties have reached a tentative settlement in a class action filed against Shaw Industries, Inc., on behalf of California businesses and residents who performed work in connection with floor covering products under warranty by Shaw in California between September 19, 1998, and June 4, 2004. The action alleges that Shaw did not properly compensate its dealers for activities undertaken in connection with the service, repair, and replacement of floor covering products covered by warranty. Persons eligible to take part in the settlement should contact the attorneys for the class for more information. Retirement plans are often so confusing that it seems like you need to be an accountant to understand them. On July 31, 2003, the trial court ruled in favor of the employees in a class action against IBM Corporation and the IBM Pension Plan on behalf of certain employees who allege that the company's changeover from a traditional retirement plan to a newer cash balance plan has cheated them out of part of their retirement. Benefits will not be available to class members until all possible appeals have been exausted.
A class action lawsuit has been filed in the Southern District Court of Florida against Hecny Transportation, Inc. The case involves violations of the Fair Labor Standards Act which establishes minimum wage, overtime pay, recordkeeping, and child labor standards affecting full-time and part-time workers in the private sector and in Federal, State, and local governments. No additional information about the substance of the allegations is available at this time. Classactionamerica.com will monitor this case and provide additional details as soon as they become available. A class action has been filed against Federal Home Loan Mortgage Corporation on behalf of participants in the Federal Home Loan Mortgage Corporation Thrift/401(k) Savings Plan who allege that the corporation and trustees of the savings plan violated the federal Employee Retirement Income Security Act when they failed to diversify plan holdings and allowed the plan to invest too heavily in Freddie Mac stock between January 1, 2000, and the present.
The class has been certified in a nationwide action filed against Pizza Hut, Inc., on behalf of all persons who worked as Pizza Hut Restaurant General Managers or Restaurant Training Managers at any time between August 18, 2000, and the present, and who allege that the company intentionally misclassified them in order to avoid paying them overtime wages. The action alleges that the company violated the federal Fair Labor Standards Act, and seeks damages for class members in the amount of time and one-half for all hours worked over 40 per week plus punitive damages. Persons qualified to take part in the action should contact the attorneys for the class as soon as possible to prevent forfeiture of benefits because of the operation of federal statutory deadlines. A class action lawsuit has been filed in the United States Disctict Court for the Middle District of Alabama against Green Tree Servicing, LLC. The case involves violations of employment law and focuses on the Fair Labor Standards Act (FLSA). No additional information about the substance of the allegations is available at this time. Classactionamerica.com will monitor this case and provide additional details as soon as they become available. |
IT'S FREE
|
© 2000 - 2008 Copyright. All rights reserved nola3, llc.
