Wolf Haldenstein Alder Freeman and Herz LLP Initiates Class Action Lawsuit on Behalf of Participants of the Morgan Stanley 401 Plus Savings Plan

Business Wire, Dec 18, 2007

NEW YORK -- On December 14, 2007, Wolf Haldenstein Adler Freeman & Herz LLP filed a class action lawsuit in the United States District Court for the Southern District of New York, on behalf of all participants and beneficiaries of the Morgan Stanley 401(K) Plan (the "Plan") from December 1, 2005 to present (the "Class Period"), whose accounts included investments in the stock of Morgan Stanley [NYSE MS]. The lawsuit named as defendants Morgan Stanley, Morgan Stanley & Co. Inc., certain officers and directors of Morgan Stanley & Co. Inc., the Global Director of Human Resources of Morgan Stanley, and the Investment Committee of the Morgan Stanley 401(K) Plan.

The case name is Egan v. Morgan Stanley & Co., et al. A copy of the Complaint is available from the Court, or can be viewed on the Wolf Haldenstein website at www.whafh.com.

The Complaint alleges that during the Class Period, Defendants breached their fiduciary duties owed to Plan participants and beneficiaries under the Employee Retirement Income Security Act ("ERISA"), 29 U.S.C. SS 1000 et seq., by causing or permitting the Plan to offer, purchase and hold the stock of Morgan Stanley (a) while such stock traded at artificially high prices due to, among other things, misinformation in the market concerning Morgan Stanley's business condition and operations; and (b) while Morgan Stanley exposed itself to the highly risky and tenuous subprime mortgage market.

If you were a participant of the Plan, you may retain Wolf Haldenstein, or other counsel of your choice, to serve as your counsel in this action. Wolf Haldenstein has extensive experience in the prosecution of ERISA and securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has approximately 60 attorneys in various practice areas and offices in Chicago, New York City, San Diego, and West Palm Beach. The firm's reputation and expertise have been repeatedly recognized by the courts and the firm has been appointed to major positions in complex multi-district and consolidated litigation. If you wish to discuss this action or have any questions, please contact Wolf Haldenstein by telephone at (800) 575-0735 or (212) 545-4600 (Michael Jaffe, Esq., or Derek Behnke), via e-mail at classmember@whafh.com, or visit our website at www.whafh.com. All e-mail correspondence should make reference to Morgan Stanley ERISA.