Merrill Lynch Engages in Workplace Race, Sex Bias, Suit Says (1)

Merrill Lynch was hit with a proposed class action claiming it engages in race and sex bias in its workplace succession planning, account distribution, teaming, and compensation, despite a past settlement over the same issues.

The complaint against Merrill and its parent company Bank of America was filed Nov. 8 in the US District Court for the Southern District of New York.

The lead plaintiffs are Linda Davila, a Black woman and Merrill senior vice president with 45 years at the company; and Cathy Bender, a Black woman and also a senior vice president, with 36 years at the company. ...