US - Two US pension funds have sued Morgan Stanley accusing the bank's board of breaches of fiduciary duty and unjust enrichment for failing to administer its compensation plans in the best interests of the company and its shareholders.
The Security Police and Fire Professionals of America Retirement Fund (SPFPARF) and the Central Laborers' Pension Fund (CLPF) allege that, in spite of its poor performance in 2009, where total inco...
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