Morgan Stanley Resolves Bias Suit by Former Diversity Chief (1)

Morgan Stanley, which was sued last year by its former head of diversity for allegedly discriminating against Black female employees, has reached a deal to end the lawsuit, court records show.

Marilyn Booker, who joined Morgan Stanley in 1994 and became its first global head of diversity, sued the bank last June alleging its senior “White male-centric leadership” had refused to adopt her plan to address racial bias at the firm and instead terminated her in December 2019. In a court filing on Monday, lawyers for both sides filed a stipulation of dismissal in the case dated May 21. ...