NEW YORK, Jan. 17, 2008 (PRIME NEWSWIRE) -- The Securities Law Firm of Klayman & Toskes, P.A. ("K&T") (http://www.nasd-law.com) said today that class action lawsuits, Case Nos. 681-08 and 682-08, were filed by former Eastman Kodak Co. ("Kodak") (NYSE:EK) and Xerox (NYSE:XRX) employees against Morgan Stanley (NYSE:MS) in New York State Court, for losses sustained in their Morgan Stanley brokerage accounts. However, K&T encourages all former Kodak and Xerox employees who lost $100,000 or more in their Morgan Stanley accounts to consider whether they should attempt to recover more than just a nominal amount of their losses through the filing of an individual securities arbitration claim, or wait for class action litigation to take its course.
By participating in a class action lawsuit, an investor will most likely recover only pennies on the dollar. However, if you lost $100,000 or more in your Morgan Stanley account, it may be more beneficial for you to file an individual securities arbitration claim. In 2003, K&T conducted a study of securities arbitration versus class action. The study concluded that investors who file a securities arbitration claim may obtain an overall higher rate of recovery as opposed to participating in a class action lawsuit. To view the full results of the comparison, please visit our web-site: http://www.nasd-law.com/classvr.pdf
If you lost $100,000 or more in your Morgan Stanley account, please contact Lawrence L. Klayman, Esquire or Steven D. Toskes, Esquire of Klayman & Toskes, P.A., at 888-997-9956, to explore your legal options. You may also visit us on the web at http://www.nasd-law.com. K&T, an experienced and nationally recognized securities litigation law firm, continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.