A group of former employees of the Eastman Kodak Company have filed a class action lawsuit seeking nearly 500 million dollars against Morgan Stanley on the grounds that the broker gave them bad advice to retire early and promised them financial security that never materialized.

Four employees are named as plaintiffs, however the member class could number as many as 1,000.

In addition to this class action lawsuit, an arbitration claim making similar allegations on behalf of another 16 former Kodak employees was filed at the Financial Industry Regulatory Authority’s arbitration forum.