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$1.45 billion judgment against Morgan Stanley sends message revisit e-mail retention policies

The recent $1.45 billion judgment against Morgan Stanley in the Ronald Perelman case is a clarion call for revisiting your organizations e-mail message retention policies. First, a quick recap of the main points in the case:

The financial services firm Morgan Stanley was sued by billionaire financier Ronald Perelman
Morgan Stanley could not reliably produce e-mails for the court
Full article >>> reproduce an e-mail message. This head in the sand approach does not cut it with the realities of todays business environment.

In addition, many organizations are already under specific regulatory requirements to archive certain e-mail messages from two to seven years. Various laws and regulating organizations are driving this.

The question becomes what e-mails get saved, fo......

Full article >>> revisiting this area. It is no longer just a regulatory compliance issue. Firms first must identify and quantify the business risk of not having a planned approach to the archiving of e-mails.

The business value needs to be identified and the policy needs to be memorialized within a corporate messaging policy. From there clear, specific actions can be taken to mitigate this perilous si......

Full article >>>
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Source:wistechnology.com By Dave Hynek 06/27/05


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