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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'."

4 of 312 comments (clear)

  1. They can afford it by prashanthch · · Score: 0, Troll

    Well, for all the money that the financial institutions and banks rob from average people like me, they can afford to pay another billion dollars if you ask me.

  2. Re:Yes, but when the madmen are running the asylum by killjoe · · Score: 1, Troll

    Rose Law Firm != The US govt.

    Some lawyer != The president of the united states.

    OK republitard?

    --
    evil is as evil does
  3. Re:Yes, but when the madmen are running the asylum by killjoe · · Score: 0, Troll

    Yes republitard. Therepiblitards seems to be especially backwards. After 9/11 I heard one analyst say that the war on terror was a war of modernity against religious fundamentalists. Apparently the republitards have joined on the side of religious fundamentalists. Let's hope science wins again.

    --
    evil is as evil does
  4. Re:Yes, but when the madmen are running the asylum by killjoe · · Score: 0, Troll

    Whoo hoo, the republitards are now with the gay nigger association of america. Makes sense actually, I mean who hates gays and blacks more then a republitard.

    --
    evil is as evil does