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It's Deadline Time at Morgan Stanley to Keep Your Right to Sue

  • Firm is pushing claims into arbitration, former employee says
  • The `program benefits all parties,' a company spokesman says
The Morgan Stanley headquarters in New York City.

The Morgan Stanley headquarters in New York City.

Photographer: Mario Tama/Getty Images

Morgan Stanley is asking employees to give up their right to sue the firm in class actions for civil rights violations including discrimination based on race, gender or age, according to a former employee’s lawsuit.

The firm sent an e-mail to workers last month saying it’s expanding its employment dispute resolution program, according to the complaint by former Morgan Stanley financial adviser Kathy Frazier. Workers who don’t respond to the message by Friday lose their right to sue or participate in class actions against the company, according to the lawsuit seeking class-action status.