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Morgan Stanley Worker Must Arbitrate Despite NY #MeToo Law (1)

June 27, 2019, 1:06 PMUpdated: June 27, 2019, 7:26 PM

A Morgan Stanley trading associate won’t be able to take his harassment and bias claim against the brokerage giant to court, a federal judge said in a novel ruling.

The decision nicks New York state’s new anti-harassment law that aimed to limit arbitration.

New York passed the legislation in the wake of the #MeToo movement, with the intent of limiting the power of arbitration agreements. Dozens of states passed similar measures, as arbitration and other employment contracts, such as nondisclosure agreements, were targeted as being ways to silence victims of harassment.

The New York law, passed in 2018, had limits ...