$39M Merrill Lynch Deal Won't Stop Sex Bias, Judge Told

Law360, New York (December 2, 2013, 1:41 PM EST) -- A group of female financial advisers employed by Bank of America Corp. and its Merrill Lynch & Co. Inc. unit urged a New York federal judge Friday to reject a proposed $39 million class action gender discrimination settlement, saying the deal would “enshrine” sex bias on Wall Street.

Seventy-five class objectors told U.S. District Judge Pamela K. Chen that the programmatic changes Bank of America purportedly agreed to adopt in its internal financial account distribution policy are illusory and will do nothing to bolster business opportunities...
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Case Information

Case Title

Calibuso et al v. Bank of America Corporation et al


Case Number

2:10-cv-01413

Court

New York Eastern

Nature of Suit

Civil Rights: Jobs

Judge

Pamela K. Chen

Date Filed

March 30, 2010

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