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News > Companies
Morgan Stanley faces suit
January 13, 1997: 8:51 p.m. ET

Two black workers sue firm over allegedly racist e-mails
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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.Back to top

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.