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Patterson v. Morgan Stanley

S.D.N.Y.October 7, 2019No. 1:16-cv-06568
Defendant WinMorgan Stanley
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Case Details

Nature of Suit — the legal category of the dispute
791 Labor: E.R.I.S.A.
Status — whether other courts must follow this ruling
Unknown
Procedural Posture — the stage the case had reached
motion to dismiss

Related Laws

No specific laws identified for this ruling.

Claim Types

Breach of Contract

Outcome

Court granted defendants' motion to dismiss the ERISA fiduciary duty and prohibited transaction claims brought by three Morgan Stanley 401(k) plan participants, finding plaintiffs lacked standing for certain claims, failed to adequately plead breach of fiduciary duty, and their prohibited transaction claims were barred by the ERISA statute of repose.

What This Ruling Means

**Patterson v. Morgan Stanley: ERISA Claim Dismissed** This case involved a dispute between an employee (Patterson) and investment firm Morgan Stanley over employee benefits governed by ERISA (the Employee Retirement Income Security Act). While the specific details of Patterson's complaint aren't provided in the excerpt, ERISA cases typically involve disagreements about retirement plans, health benefits, disability benefits, or how these benefits are administered by employers. The court dismissed Patterson's case, meaning the judge ruled in favor of Morgan Stanley and against the employee. No damages were awarded to Patterson. The dismissal suggests the court found that Patterson either failed to prove their case or that Morgan Stanley properly handled the employee benefits in question according to ERISA requirements. **What This Means for Workers:** This outcome highlights the challenges employees face when challenging their employers over benefit disputes. ERISA cases can be difficult to win because employers have significant discretion in administering benefit plans, and courts often defer to employer decisions unless there's clear evidence of wrongdoing. Workers should carefully review their benefit plan documents, follow proper procedures when filing claims, and consider consulting with employment attorneys early if they believe their benefits have been improperly denied or handled.

This summary was generated to explain the ruling in plain English and is not legal advice.

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This ruling information is sourced from public court records via CourtListener.com. Case outcomes, claim types, and summaries are extracted using AI analysis and may be incomplete or inaccurate. It is provided for informational and educational purposes only and does not constitute legal advice.

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