Bank of America-owned brokerage giant Merrill Lynch, one of the world’s largest brokerage firms with more than 15,000 financial advisers, and the lawyers for hundreds of its African-American financial advisers, who accused the company of racial discrimination, reached a $160 million settlement on Wednesday, August 28.
Merrill Lynch issued a statement on the same day saying that they will not comment on the “existence of a settlement [nor its status].” The company maintained that it practices fair standards among all its employees, saying that all its financial advisers are “judged by the same metric regardless of race.”
However, the plaintiffs claimed discrimination prevailed in the company, citing as proof a 2009 filing that only 2 percent of the brokers at Merrill Lynch were black.
If you too are facing racial discrimination from your Austin employer, seek the assistance of our lawyers at The Melton Law Firm. We can help you fight any acts of discrimination, in addition to other employment violations, so call us at 512-330-0017 today.
A racial discrimination case filed against celebrity chef Paula Deen by her former employee Lisa Jackson was dismissed on Monday, August 12 by U.S. District Judge Williams Moore, Jr.
In addition to the racial discrimination case filed against Deen, Jackson also filed a sexual discrimination claim against Deen’s brother, Earl “Bubba” Hiers, claiming the latter created a hostile working environment for her at Uncle Bubba’s Seafood and Oyster House, a fact that the restaurant’s co-owner Deen did nothing about.
According to papers obtained by The Wrap, Deen and Hiers had argued that Jackson, who is white, “lacks standing to pursue racial discrimination claims because she does not allege that she suffered any discrimination based on her race.”
Our attorneys at The Melton Law Firm have vast experience helping employees in Austin claims involving work discrimination, sexual harassment, hostile work environment, civil rights violations, retaliations, wrongful termination, overtime/wage violations, equal pay disputes, and other employment issues. Call 512-330-0017 today to talk with us if you have been unfairly treated at work and want to seek justice for this unfair treatment.