Bloomberg Law
April 17, 2017, 6:52 PM

BoA Settles Predecessor’s 1993 Racial Hiring Bias Case

Jay-Anne B. Casuga
Jay-Anne B. Casuga

Bank of America will pay $1 million to a class of more than 1,000 black job applicants who weren’t hired by a predecessor bank in 1993, according to a settlement announced April 17 by the Labor Department (Bank of America, N.A. v. Dep’t of Labor, D.D.C., No. 16-968, stayed pending settlement 4/4/17).

The bank’s settlement with the DOL’s Office of Federal Contract Compliance Programs puts to rest a hiring discrimination case spanning over two decades. One potential issue that could crop up with the settlement is locating the 1,021 class members who weren’t selected for entry-level positions at ...

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