Morgan Stanley Agrees to Settle Consumer Privacy Class Action (1)

Morgan Stanley agreed to settle a class action lawsuit from consumers accusing the financial firm of failing to safeguard their personal information, according to a New York federal court filing.

The company and the consumers agreed to a settlement in principle, Judge Analisa Torres of the U.S. District Court for the Southern District of New York said in a filing Thursday.

The filing doesn’t detail the terms of the settlement. Lawyers for the consumers didn’t immediately respond to requests for comment on the settlement.

The lawsuit, filed in July, alleges that Morgan Stanley compromised consumers’ personal information, which was ...