Morgan Stanley Must Pay Millions for Withholding E-Mails

The Morgan Stanley situation that we told you guys about has finally been rectified to the tune of $12.5 million dollars in fines.

The financial company previously had stated that its e-mail servers were destroyed in the 9/11 attacks, resulting in the loss of e-mails archived prior to that date. Morgan Stanley presumably had lost millions of pre-9/11 e-mails, but it was later discovered that they had been restored to the company's active e-mail system using backup tapes, which were stored in another location.

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