BofA Hit With Racial Bias Suit

Law360, New York (May 18, 2007, 12:00 AM EDT) -- Five African-American current and former employees have brought a proposed class action suit against Bank of America NA, saying the company is guilty of “second-generation” discrimination because it routinely gave African-American workers short shrift with respect to pay, advancement and resources.

The suit was filed Thursday against Bank of America NA and Banc of America Investment Services Inc. in federal court in Boston. The named plaintiffs—three former BAI financial advisors, one current BAI financial advisor and one former BoA premier banker—sought to represent a class comprised...
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