Morgan Stanley Urges Second Circuit to Hear Deferred Pay Appeal

Morgan Stanley called on the Second Circuit to hear its appeal arguing that a dispute with former advisers over their deferred compensation arrangement was wrongly held to be subject to federal benefits law.

Morgan Stanley is appealing the “improper adjudication” of the merits of a dispute that was sent to arbitration pursuant to party agreement, it said Monday in a filing urging the US Court of Appeals for the Second Circuit to exercise jurisdiction over the appeal. The district court’s decision sending the dispute to arbitration is better characterized as an “effective denial” of the company’s request for that relief, ...