Female brokers file class action suit against Morgan Stanley

Female financial advisors have filed a nationwide class action lawsuit against Morgan Stanley claiming discrimination two years after the bank paid $54m (€43m) to settle charges of sexual discrimination.

Mehri & Skalet and Sprenger & Lang, two US employment class action law firms, said in a statement that the lawsuit was being brought on behalf of "all female financial advisors at Morgan Stanley who were employed at any time from August 5 2003 to the present".

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