Title VII Suit Over Merrill Retention Bonuses Trimmed

Law360, New York (April 13, 2010, 2:41 PM EDT) -- A federal judge has ruled that retention bonuses Bank of America Corp. distributed to employees when it acquired Merrill Lynch & Co. were not by definition unlawful even though women and blacks were underrepresented, paring down a putative class action.

Judge Shira Scheindlin of the U.S. District Court for the Southern District of New York ruled April 6 that the plaintiffs had not sufficiently alleged the bonus plan was developed with discriminatory intent, noting that the mere knowledge of past and even present discrimination does not...
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