Slashdot Mirror

← Back to Stories (view on slashdot.org)

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'."

1 of 312 comments (clear)

  1. Re:Email retention Policy. by pantycrickets · · Score: 0, Offtopic

    Anyone know a a decent Firefox (Win32) speel checker that works in forms liek Slashdot's? I really don't care enough to open Word to fix my typos and other errors.

    I had grandiose plans to make a little resident thing for windows that would monitor all textboxes for spelling errors. Of course, I'm lazy, and it's hard. But all the same it seems like a worthy project.