$10.2M Morgan Stanley Business Expenses Class Settlement Approved

Mealey's (March 6, 2020, 2:24 PM EST) -- SAN FRANCISCO — A federal judge in California on March 3 granted final approval of a $10,235,000 class settlement ending a class suit accusing Morgan Stanley Smith Barney LLC (MSSB) of refusing to cover work-related expenses for California financial advisers (FAs), finding it fair and reasonable over objections by two individuals who are plaintiffs in a similar suit in California state court (Brandon Harvey v. Morgan Stanley Smith Barney LLC, No. 18-2835, N.D. Calif., 2020 U.S. Dist. LEXIS 37580)....