Financial giant Morgan Stanley agreed to pay a 54 million dollar settlement rather than face a sex discrimination suit in court. Plaintiff Allison Schieffelin claimed she was passed over for a promotion because of her gender. More than two dozen female employees also reported that men at the firm invited clients on men-only strip-club outings, groped women and made lewd comments. The settlement could cover as many as 340 women. This marks the second largest settlement the Equal Employment Opportunity Commission reached with any company and the first settlement with a Wall Street firm.