Merrill Brokers Slam Bid To Limit Class Size In Bias Suit

Law360, New York (May 15, 2012, 2:57 PM EDT) -- Attorneys for a proposed class of black Merrill Lynch & Co. Inc. financial advisers on Monday blasted the bank's bid to limit their discrimination case to only current employees and policies, describing the Bank of America Corp. subsidiary's tactic as an end run around a clear directive from the Seventh Circuit.

The appeals court revived the class claims in February, ruling that despite a lack of commonality among the group of brokers — more than 700 current and former employees who alleged the company's hiring, promotion...
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