Bloomberg -- Bank of America Corp. is seeking approval of a $160 million settlement from a judge who thrice rejected requests by black financial advisers at its Merrill Lynch unit to sue as a group over alleged racial discrimination.
U.S. District Judge Robert Gettleman, whose decisions denying claimants class status were overruled on appeal, is set to hear arguments today from the banks attorneys and lawyers representing at least 1,000 advisers.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access