Edward Sullivan, a former Morgan Stanley managing director, filed to sue the firm, claiming the investment bank fired him because of his age. The 56-year-old Sullivan has accused two human resources executives of substituting his evaluation with a “made-up, poison-pen critique” of his performance.
Sullivan, who worked in Morgan Stanley’s retail division, was with the firm for 24 years. He became a director in 1999, earning $1 million per year.
Sullivan seeks reinstatement and $30 million in compensatory and punitive damages. Two years ago Morgan Stanley agreed to pay $54 million to settle bias charges filed by hundreds of female employees.