Edward Jones Strikes $34M Deal In Advisers' Race Bias Suit
Law360 (May 5, 2021, 10:16 AM EDT) -- Investing giant Edward D. Jones & Co. will pay $34 million to settle a race discrimination class action brought by Black financial advisers under a deal that has won a green light from a Chicago federal judge.
U.S. District Judge Andrea Wood on Tuesday granted preliminary approval to the settlement and the class, which covers Edward Jones' U.S.-based Black financial advisers between May 2014 and December 2020. A final approval hearing is slated for July 12.
"The court preliminarily concludes that the settlement agreement is fair, reasonable, adequate and the result of extensive, arm's-length negotiations between experienced counsel and parties," Judge...
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!