Axed Truist Executive Sued Wrong Entity, Magistrate Judge Says

Truist Financial Corp. wasn’t the “employer” of an executive who alleges she was terminated because of her sex and age and should be freed from her lawsuit, an Atlanta federal magistrate judge said.

The former managing director of acquisition finance lost her job in a workforce reduction spurred by a 2022 market downturn, which prompted the consolidation of her team with another team, Magistrate Judge Catherine M. Salinas of the US District of the Northern of Georgia said. She sued Truist Financial, saying she was included in the layoff because she’s a woman and was 63 years old, but the ...