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 bank’s attorneys and lawyers representing at least 1,000 advisers.

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