Morgan Stanley to pay $60 mln to resolve data security lawsuit

The logo for Morgan Stanley is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew KellyRegister now for FREE unlimited access to Reuters.comRegisterNEW YORK, Jan 2 (Reuters) – Morgan Stanley (MS.N) agreed to pay $60 million to settle a lawsuit by customers who said the Wall Street bank exposed their personal data when it twice failed to properly retire some of its older information technology.A preliminary settlement of the proposed class action on behalf of about 15 million customers was filed on Friday night in Manhattan federal …
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