updated 10/11/2007 12:52:14 PM ET 2007-10-11T16:52:14

A U.S. judge has approved a $46 million settlement of a class-action lawsuit filed by more than 2,000 women alleging gender discrimination by their employer, investment bank Morgan Stanley.

The suit was related to an investigation by the Women on Wall Street Project, formed in April 2004 by the National Council of Women's Organizations and the law firm Mehri & Skalet PLLC.

The class includes 2,867 women employed by Morgan Stanley between Aug. 5, 2003, and June 30, 2007.

Morgan Stanley's shares rose in midday trading Thursday.

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