Deleting Emails Costs Morgan Stanley $1.45B
Shamelessly lifted from /.
Posted by Zonk on Friday May 20, @05:55PM
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'."
posted by Fergie @ 5/20/2005 03:21:00 PM
0 Comments:
Post a Comment
<< Home