Wednesday, November 17, 2010

Bank of America Settles Bias Suit

The New York Times
Published: November 16, 2010

Bank of America has settled a lawsuit filed by a broker who claimed that the bank’s Merrill Lynch unit discriminated against women through its partnership model. Jamie Goodman, a broker who worked at Merrill since 1992, sued the company last year in federal court in Manhattan. United States District Judge Shira A. Scheindlin wrote in a court order on Tuesday that both sides told her that they had reached a settlement. Terms were not disclosed.

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