Discrimination Lawsuit: Merrill Lynch

Merrill Lynch: WASHINGTON - Brokerage firm Merrill Lynch has agreed to pay $160 million to settle a class-action race discrimination lawsuit brought by a longtime U.S. employee, an attorney for the plaintiffs confirmed on Wednesday. , according to Reuters. Since the lawsuit was filed in 2005, Merrill Lynch was acquired by Bank of America Corp BAC.N: Quote , where it is now the bank's wealth management unit. By Amanda Becker More than 1,200 current and former Merrill Lynch employees could be eligible to take part in the settlement, one of the largest sums obtained from an employer in a race bias lawsuit. (www.immigrantscanada.com). As reported in the news.