A woman who says she was fired from Morgan Stanley without explanation 22 days after maternity leave wrote an open letter to the bank’s chief asking to be released from binding arbitration, so she can sue the firm.
Bloomberg News reports that Chau Pham, a former vice president on a foreign-exchange sales team, filed a complaint with the Equal Employment Opportunity Commission, urging it to investigate Morgan Stanley’s treatment of women, according to her attorney, Jeanne Christensen at Wigdor LLP.
The 24-page complaint alleges that Pham received her first negative performance review after her pregnancy became known, and that managers permanently shifted some of her client accounts to colleagues during her leave.
In the meantime, Bloomberg also reports that a former Credit Suisse wealth manager was freed less than 10 months after he was sentenced to a five-year prison sentence for operating a fraud scheme that resulted in damages of more than $140 million.
Patrice Lescaudron was released Nov. 30 following a request to a Geneva appeals court, according to a Justice Ministry spokesman. The 55-year-old, who had spent about two years in pre-trial detention, was no longer seen as a flight risk, the court ruled.
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