Former White House Counsel the Hon. Abner J. Mikva, a mediator and arbitrator with JAMS, The Resolution Experts, has been named as the Special Master who will decide how a $40 million fund, created by the recent settlement of a sex discrimination lawsuit between Morgan Stanley and the U.S. Equal Employment Opportunity Commission (EEOC) will be distributed.
The parties announced on July 12 the settlement of a sex discrimination lawsuit under Title VII of the 1964 Civil Rights Act filed on behalf of a class of female officers and women eligible for officer promotion in Morgan Stanley's Institutional Equity Division. Their joint press statement may be found at www. eeoc.gov or ww.morganstanley.com.
Under the terms of the settlement, present and former female employees of Morgan Stanley's Institutional Equity Division who believe they were the subject of discrimination will have the opportunity to make claims under the specially established fund.
The parties selected as a Special Master retired federal circuit JudgeMikva, who will decide the amount, if any, each claimant will receive. Any money remaining in the fund will be used for scholarship programs for female students pursuing careers in the financial services industry.
Judge Mikva has been with JAMS since 1996. Based in Chicago, he mediates and arbitrates disputes throughout the world.