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Morgan Stanley to Pay $15 Million Fine to Settle E-Discovery Charges
Created 13.05.2006 - 15:24

The Securities and Exchange Commission announced Wednesday that Morgan Stanley will pay a $15 million civil fine to settle charges that it repeatedly failed to provide thousands of e-mails requested in investigations. Morgan Stanley neither admitted nor denied the allegations, but the penalty is among the biggest fines ever levied on a brokerage firm for failing to produce documents. "We are pleased to have this matter behind us," said Morgan Stanley spokesman John Franklin.

Originally by Law.com - Tech Law Practice Center, 2:24 PM

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Cite as: Jaani Riordan, ‘Morgan Stanley to Pay $15 Million Fine to Settle E-Discovery Charges’ (2006) Jaani.net Internet Law and Technology <http://www.jaani.net/view/2006/05/13/morgan_stanley_to_pay_15_million_fine_to_settle_ediscovery_charges>.
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