By David McAfee (September 6, 2013, 8:27 PM EDT) -- Bank of America Corp. and Merrill Lynch & Co. Inc. have agreed to pay $39 million to settle a class action brought by women employed as financial advisers for alleged discrimination in compensation and business opportunities, according to a motion filed Friday in New York federal court.
The motion for preliminary approval of the settlement comes a year after a New York federal judge denied Bank of America's bid to nix class claims in the lawsuit, saying the bank's argument that the U.S. Supreme Court's Dukes decision precluded those claims was premature. The plaintiffs alleged that the defendants treated female financial...
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