Merrill Exec Addresses Discrimination Allegations

Law360, New York (November 1, 2006, 12:00 AM EST) -- Merrill Lynch & Co. CEO Stanley O’Neal gave a deposition Wednesday morning in a race discrimination suit filed by an African-American broker.

The deposition, which took place in midtown Manhattan, was just one part of the discovery phase in the case. O’Neal, who is black, was expected to answer questions about whether African-American employees at Merrill Lynch faced discrimination in hiring, promotions and compensation, according to Dow Jones.

A lawyer at Stowell & Friedman Ltd., who is representing the plaintiff, did not immediately return a call...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.