BofA Hit With Sex Bias Suit Over Bonuses

Law360, New York (June 25, 2009, 12:00 AM EDT) -- Bank of America Corp. was hit Thursday with a potential sex discrimination class action claiming that it offered lower retention bonuses to female brokers when the bank bought Merrill Lynch & Co.

The suit, filed in the U.S. District Court for the Southern District of New York, claims that a pattern of sex bias existed at Merrill that led to female brokers receiving smaller bonuses, Reuters reported.

Merrill Lynch steered wealthier clients to male brokers, leading to lower production among its female employees, the lawsuit claims....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.