Morgan Stanley Unit Seeks Exit From Alorica 401(k) Fee Suit

By Emilie Ruscoe

Morgan Stanley Smith Barney LLC has asked to be dismissed from a suit alleging mismanagement of a retirement savings plan for employees of business processing outsourcing service provider Alorica Inc., arguing in California federal court that it had been "improperly lumped" into a revision of the suit 17 months after the matter was originally filed.

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