Dabotubo Horsfall has sued Morgan Stanley alleging that the investment bank engaged in blatant discrimination against him because he is black, paying him less than his peers and refusing to give him recognition for his work on prominent deals.
Dabotubo Horsfall, a vice-president in Morgan Stanley’s investment management infrastructure fund, sued the bank and seven of its senior managers, accusing them of subjecting him to “blatant discriminatory treatment on account of his race.” The lawsuit was filed in New York Supreme Court on February 11, but went unnoticed outside the bank for more than a month.
Dabotubo Horsfall complaint [PDF] alleges that in November 2011, his boss left the division, and he was put under the supervision of two managers, John Watt and Thomas Gray, who proceeded to discriminate against him based on his race. Horsfall claims to have helped close a deal involving the sale of a Chilean electric distribution company that made Morgan Stanley more than $150 million in profit, but was “never properly acknowledged nor was he properly compensated for his work on this complex transaction” by Watt and Gray. Furthermore, Horsfall alleges he was not given a year-end written evaluation that year, and was not given any credit for his involvement in the Chilean deal during a face-to-face review with Watt. Source
Read Dabotubo Horsfall complaint against Morgan Stanley.