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Deleting Emails Costs Morgan Stanley $1.45B

Posted by Zonk on from the that-was-important-and-i-forgot-it dept.

DoubleWhopper writes "The financial giant Morgan Stanley lost a $1.45 billion judgement yesterday due, in part, to their failure to retain old email. The judge in the case, 'frustrated at Morgan Stanley's repeated failure to provide [the plaintiff's] attorneys with e-mails, handed down a pretrial ruling that effectively found the bank had conspired to defraud' their former client. The CEO of a record retention software company noted, 'Morgan Stanley is going to be a harbinger'."

2 of 312 comments (clear)

  1. If you wanna call the judge a moron... by Khyber · · Score: 0, Flamebait

    (561) 355-6050 is her PUBLICALLY LISTED PHONE NUMBER. Here's the link if you don't belive me. http://www.southpalmbeachbar.org/courts_&_judges.h tm

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    Still waiting on Serviscope_minor to wake up to fucking reality and realize that Jessica Price isn't going to fuck him.
  2. Re:Yes, but when the madmen are running the asylum by shanen · · Score: 0, Flamebait

    Sorry, I'm not here to argue with morons. You can find your soulmates over in alt.fan.rush-limbaugh, and your playmates in alt.flame.rush-limbaugh.

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    Freedom = (Meaningful - Coerced) Choice != (Speech | Beer^2), and sad sock puppets' bad mods avail them naught.