Morgan Stanley advisors know that if they leave the company to join a competitor, they forfeit their deferred compensation. Now, a recent court ruling may open a legal avenue for ex-Morgan advisors to reclaim millions in deferred pay.
On Nov. 21, a federal judge granted Morgan Stanley’s request to force a group of former Morgan Stanley advisors suing the company over deferred compensation to take their claims to private arbitration. However, in that same order, the judge found that Morgan Stanley’s deferred compensation programs…
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