Five former and current employees have sued Bank of America Corp., alleging it discriminated against African-American brokers and bankers in promotion, compensation, mentoring and other employment opportunities. The lawsuit, filed Thursday at a federal court in Massachusetts, alleges Bank of America gave black brokers and bankers inferior positions and less favorable assignments than their white counterparts. The suit also alleges that the bank's retail brokerage unit engaged in "racial steering."
May 22, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Five former and current employees have sued Bank of America Corp., alleging it discriminated against African-American brokers and bankers in promotion, compensation, mentoring and other employment opportunities.
The lawsuit, filed Thursday at a federal court in Massachusetts, alleges the country’s second largest bank by market capitalization gave black brokers and bankers inferior positions and less favorable assignments than were given to their white counterparts.
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