Former Senior V.P. (Billy Joel’s First Manager) at Morgan Stanley Sues for Age Discrimination

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Senior Vice-President and Financial Advisor at Morgan Stanley alleges company's reduction-in-force discriminated against older workers.

Mr. Mazur is a wonderful man. He alleges that Morgan Stanley discriminated against him on the basis of his age. We think he’ll be a terrific witness and we look forward to representing him in the trial in this matter.

Case: Irwin Mazur v. Morgan Stanley, et. al.

Los Angeles Superior Court Case No. BC 352114

Judge: The Honorable Judge Jon M. Mayeda

Today, the Venice, California based law firm Helmer Friedman LLP filed a Los Angeles Superior Court lawsuit on behalf of Irwin Mazur against his former employer, Morgan Stanley. The plaintiff, 64-year-old Mr. Mazur, is widely known in the entertainment industry as the first manager for the internationally renowned singer/songwriter/pianist Billy Joel. Indeed, Mr. Mazur is prominently featured in Hank Bordowitz’s Billy Joel biography The Life and Times of an Angry Young Man.

In his complaint, Mr. Mazur alleges that after more than five years of employment, he was terminated from his position as a Senior Vice-President and Financial Advisor at Morgan Stanley as a result of the company’s decision to embark upon a reduction-in-force which, in purpose or effect, discriminated against older employees specifically targeting Financial Advisors who were over the age of 60. An August 11, 2005 Dow Jones News Wire article appears to support Mr. Mazur’s allegation indicating that under Morgan Stanley’s 2005 reduction-in-force, brokers over age 60 would be treated differently than younger brokers. Mr. Mazur brings this action against the defendants alleging a violation of the California Fair Employment and Housing Act and wrongful termination in violation of public policy.

Mr. Mazur’s complaint also alleges that Morgan Stanley is dogged by a long and sordid history of allegations that it routinely engages in illegal employment discrimination and other violations of the law. The complaint alleges that Morgan Stanley paid $54 million to settle a sex discrimination lawsuit, $1 million to settle a race discrimination lawsuit, and that Morgan Stanley was recently hit with a $1.578 billion judgment (including $850 million in punitive damages), in a case involving claims that Morgan Stanley provided false financial information to investors.

Andrew H. Friedman, Mr. Mazur’s counsel stated: “Mr. Mazur is a wonderful man. He alleges that Morgan Stanley discriminated against him on the basis of his age. We think he’ll be a terrific witness and we look forward to representing him in the trial in this matter.”

Mr. Mazur is now working with Oppenheimer Co., Inc. in Los Angeles.

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Andrew H. Friedman
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