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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'."

1 of 312 comments (clear)

  1. 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