NEW YORK (CNNfn) - Morgan Stanley Group Inc. said Monday that two African-American employees have filed a $60 million race-discrimination lawsuit against the company, claiming they received bigoted electronic mail.
The suit claims that in October 1995, some Morgan Stanley employees used e-mail to circulate racist jokes among a small group of workers.
Plaintiffs Yolanda Owens and Edward Hutton allege Morgan Stanley passed them over for promotions after the pair complained about the e-mails.
Morgan Stanley denied the allegations, countering that it used swift and stern action against the employees who circulated the e-mails.
Owens and Hutton, who are still employed at Morgan Stanley but on voluntary leave, are each seeking and $25 million in punitive damages and $5 million in compensatory damages.