Morgan Stanley Spared From Class Action Over Arbitration Claims

A rejected Morgan Stanley & Co. job applicant voluntarily dismissed her proposed class action alleging the finance giant failed to provide reasonable notice of an arbitration agreement.

Arbitration agreements, which corporations often have made mandatory, have been a growing source of concern among consumers and others who say arbitration limits their ability to have claims adequately addressed in court.

The “Jane Doe” plaintiff here filed her notice of dismissal without prejudice before the US District Court for the District of Massachusetts Tuesday—the same day that Judge Julia E. Kobick, of the same court, denied Doe’s motion for reconsideration to ...