$160M Merrill Race Case A Road Map For Future Class Actions

Law360, New York (September 5, 2013, 7:32 PM EDT) -- The race bias suit against Bank of America Corp.'s Merrill Lynch & Co. Inc. unit that yielded a proposed $160 million settlement last week will serve as a blueprint for bringing successful discrimination class actions in the aftermath of the U.S. Supreme Court's landmark Dukes v. Wal-Mart decision, lawyers say.

Many plaintiffs lawyers have been playing into the defense bar's hands by pursuing claims on behalf of overly broad classes that the Dukes decision counsels against, but the class in black broker George McReynolds' case against...
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