{"id":4553,"date":"2008-01-17T15:41:06","date_gmt":"2008-01-17T15:41:06","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/01\/class_action_filed_against_mor_1"},"modified":"2021-09-20T15:40:51","modified_gmt":"2021-09-20T20:40:51","slug":"class-action-filed-against-mor-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/class-action-filed-against-mor-1\/","title":{"rendered":"Class Action filed against Morgan Stanley on Behalf of Former Eastman Kodak Employees"},"content":{"rendered":"

\t\t\t\tLawyers have filed a class action suit against Morgan Stanley for a group of former Eastman Kodak employees they say were persuaded to retire early and invest their retirement assets through Morgan Stanley. <\/p>\n

According to the Dow Jones News Wire, the class action is seeking nearly a half billion dollars in damages from Morgan Stanley because its brokers advised the Kodak employees retire early with promises of financial security that never materialized. One of the attorneys estimates 1,000 investors or more are involved. If so, the claim seeks approximately $500,000 per former Kodak retiree. <\/p>\n

Firms which report the results of class action cases estimate that recovery in securities class action cases is LESS THAN THREE PERCENT of the actual losses to investors! If one were to assume that 1,000 Kodak retirees lost, on average, $500,000, each may receive LESS THAN $15,000 according to this average. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Lawyers have filed a class action suit against Morgan Stanley for a group of former Eastman Kodak employees they say were persuaded to retire early and invest their retirement assets through Morgan Stanley. According to the Dow Jones News Wire, the class action is seeking nearly a half billion dollars in damages from Morgan Stanley […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3804,3787,3745],"tags":[],"class_list":["post-4553","post","type-post","status-publish","format-standard","hentry","category-class-action-lawsuits","category-morgan-stanley","category-retirement-funds"],"yoast_head":"\nClass Action filed against Morgan Stanley on Behalf of Former Eastman Kodak Employees — Investor Lawyers Blog — January 17, 2008<\/title>\n<meta name=\"description\" content=\"Lawyers have filed a class action suit against Morgan Stanley for a group of former Eastman Kodak employees they say were persuaded to retire early and — January 17, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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