Bank of America Settles Merrill Gender Discrimination Case
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Bank of America Corp. will pay $39 million to settle a discrimination lawsuit brought on behalf of women employees at its Merrill Lynch unit, according to court filings.
Lawyers representing female financial advisers and licensed trainees filed a request for approval of the settlement yesterday in federal court in Brooklyn, New York. The advisers alleged in the lawsuit that Merrill discriminated against women in those positions in compensation and business opportunities.