Morgan Stanley sued over allegedly mismanaging 401(k) plan

Posted online August 22, 2016 | 11:39 am

A participant in Morgan Stanley's 401(k) plan filed suit Friday, alleging the company has mismanaged the fund.

The suit claims the fund offers options that have too-high fees and poor track records.

In the suit, Morgan Stanley is accused of causing hundreds of millions of dollars in losses for 60,000 participants.

Read more from The Associated Press.

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