BofA To Pay $39M To Settle Sex Bias Class Action

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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!