Morgan Stanley asked a federal judge to “reconsider” his November ruling granting its motion to compel former brokers to arbitrate their disputes about allegedly unpaid deferred compensation.
Although the U.S. District Judge Paul G. Gardephe in Manhattan decided partially in Morgan Stanley’s favor, he also concluded that the wirehouse’s deferred compensation plan should be governed by federal pension law, specifically, the Employee Retirement Income Security Act of 1974. READ MORE