Berger Montague Appointed Interim Class Counsel in Morgan Stanley Cash Sweep Case

Berger Montague, a national plaintiffs’ law firm, is pleased to announce that it has been appointed Interim Class Counsel along with co-counsel in a proposed class action arising out of Morgan Stanley’s cash sweep program. The lawsuit alleges that Morgan Stanley drastically under-paid interest to its clients who were in the cash sweep program in violation of its fiduciary and contractual duties.

“Berger Montague remains at the forefront of recent litigation against financial institutions that maintain unlawful cash sweep programs,” said Michael Dell’Angelo, Executive Shareholder and General Counsel of Berger Montague. “We are actively involved in ten cash sweep cases. These financial institutions have kept the interest rates paid on their cash sweep programs artificially low, enriching themselves at their clients’ expense.”

The Berger Montague team leading these cash sweep cases are Mr. Dell’Angelo and Senior Counsel Alex B. Heller, along with many other attorneys at the firm.

Berger Montague is one of the nation’s preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 jury verdicts alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.