Photo Harold Ford Jr., a former congressman, was sacked from his position as a managing director at the financial services firm Morgan Stanley for what the company described as behavior "inconsistent with our values".
In two interviews with HuffPost, the woman alleged that Ford engaged in harassment, intimidation, and forcibly grabbed her one evening in Manhattan, leading her to seek aid from a building security guard.
Harold Ford, Jr. a former U.S. Democratic lawmaker turned investment banker, threatened to sue Morgan Stanley after he was sacked from the bank for inappropriate conduct.
Harold Ford Jr. stands on stage at the Stonewall Democratic Club February 24, 2010 in New York City.
At least one woman was interviewed by Morgan Stanley as part of the investigation, the Huffington Post reported. A tweet by a Twitter account with Mr. Ford's name created in July 2009 said: "In regards to news today, This simply did not happen".
In a statement of his own, Ford categorically denied the accusations, saying his after-work activity was entirely consistent with his professional role and that he would file suit against the woman who accused him.
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'I support and have tremendous respect for the courageous women now speaking out in this important national dialogue. I will now be bringing legal action against [the woman] who has made these false claims about me as well as Morgan Stanley for improper termination, ' he said.
The firing comes as companies, lawmakers, and politicians grapple with a string of allegations against prominent men. He added that socializing with members of the press was part of his job, he said that "false claims like this undermine the real silence breakers".
Ford Jr. spent 10 years in Congress from 1997 to 2007, taking over the Tennessee district formerly held by his father.
Ford was hired by Morgan Stanley in 2011 as a senior client relationship manager.
He is a frequent television commentator and has appeared on NBC, MSNBC, and CNBC. An MSNBC spokesman declined to comment on Thursday for the record.