U.S. District Judge Paul Gardephe of the Southern District of New York. Courtesy photo US Judge Rejects Morgan Stanley Reconsideration Bid in Deferred Compensation Litigation
U.S. District Court Judge Paul Gardephe first held in November 2023 that the deferred compensation plan was governed by ERISA, and referred the matter to arbitration.
November 08, 2024 at 12:42 PM
3 minute read
Financial Services and Banking
The original version of this story was published on New York Law Journal
A federal judge in New York has rejected Morgan Stanley's arguments that he reconsider a finding that a proposed class action by former financial advisors over deferred compensation is subject to the Employee Retirement Income Security Act.
U.S. District Court Judge Paul Gardephe first held in November 2023 that the deferred compensation plan was governed by ERISA, and referred the matter to arbitration.
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