May 20, 2015
Merrill Lynch & Co. Inc. and Bank of America Corp. have settled a wage-and-hour suit in California federal court for an undisclosed amount after the proposed class action was reduced to a single plaintiff.
April 21, 2015
A New York federal judge denied class certification Monday to former Bank of America Corp. and Merrill Lynch & Co. Inc. employees who claim they were misclassified as exempt from overtime, but the plaintiffs are confident that he'll grant the certification when their motion is renewed.