$160M Deal To End Merrill Race Bias Suit Gets Final OK

Law360, New York (December 11, 2013, 6:14 PM EST) -- The Illinois federal judge overseeing a class action accusing Bank of America Corp.'s Merrill Lynch & Co. Inc. subsidiary of discriminating against black financial advisers gave final approval Friday to a $160 million settlement resolving the case.

The deal — which was announced in August and won preliminary approval in September  — got the final approval from U.S. District Judge Robert W. Gettleman, whose order approving the settlement called it “fair, reasonable and adequate, and well within the range of final approval.”

The settlement not only calls...
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